On October 20, Sandhill sells merchandise with a cost of $2,940 to Wildhorse for $4,900 cash. On October 25, Sandhill received returned goods from Wildhorse and refunds the amount in cash for items that had a selling price of $490 and a cost of $294. Use a tabular summary to record the transactions for Sandhill Company using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Assets II Liabilities Accounts Payable Cash + Inventory = $ $ $ $ land Media Stockholders' Equity Retained Ear Common Stock + Rev. Exp. $ $ $ Stockholders' Equity Retained Earnings Exp. Div. $ $ $ $ e Textbook and Media