On March 5, Monica's Cooking Company sells inventory to a customer for $2,000 on credit. Monica has a 100% mark-up on inventory. The cost of goods sold was $1000. On March 13, the customer returns $750 of the merchandise. Prepare the journal entries to record the sale. Prepare the journal entries to record the return of merchandise on March 13. Prepare the Income Statement in good format down to Gross Profit