Note: Please put your answers only in the section below the Bold Red sentence at the end of the Required section below. Kringle's Castle sells all types of Christmas decorations. On March 1, 20X1, Kringle's Castle purchased 600 ornaments from a supplier for $1,000. On March 3, it spent $40 transporting the ornaments to its store and an additional $20 for setting up the ornaments around the store for shoppers to see. On March 15, 20X1, Kringle's received an invoice from the supplier with the terms 2/10 n/30 and paid the invoice on March 24, 20X1. Kringle's Castle uses a perpetual inventory system and the gross method of recording purchase discounts. Required: A. Prepare the journal entry to record the purchase of inventory. B. Prepare the journal entry to record the transportation costs. C. Prepare the journal entry to record the set-up costs. D. Prepare the journal entry to record the payment of the invoice from the supplier. Your answers to this open-ended assignment should be placed in the space below this line. A Date Account Name Debit Credit B Date Account Name Debit Credit C Date Account Name Debit Credit D Date Account Name Debit Credit