Prepare the journal entries to record the following transactions on Wildhorse Company's books using a perpetual inventory system (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) On March 2, Windsor Company sold $854,200 of merchandise to Wildhorse Company on account, terms 2/10./30. The cost of the merchandise sold was $517,800. (b) On March 6, Wildhorse Company returned $109,800 of the merchandise purchased on March 2. The cost of the merchandise returned was $66.800. (c) On March 12, Windsor Company received the balance due from Wildhorse Company, Date Account Titles and Explanation Purchases March 2 Debit Credit 854200 Accounts Payable March 6 854200 Accounts Payable 109800 Purchase Returns and Allowances March 12 109800 Accounts Payable 744400 Cash 744400 Purchase Discounts 226600 The following information relates to Concord Corporation for the year 2022 Retained earnings, January 1, 2022 Dividends during 2022 Service revenue Salaries and wages expense $38,400 4,000 50,000 22,400 Advertising expense Rent expense Utilities expense Other comprehensive income (net of tax) $1,440 8,320 2.480 320 (a) Your answer is correct. After analyzing the data, compute net income. Net income/(loss) $ 15360 e Textbook and Media Attempts: 1 of 2 used (b) Prepare a comprehensive income statement for the year ending December 31, 2022 Concord Corporation Comprehensive Income Statement For the Year Ended December 31, 2022 Total Revenues Net Income /(Loss) Comprehensive Income /(Loss) In its income statement for the year ended December 31, 2022. Novak Corp.reported the following condensed data. Operating expenses Cost of goods sold Interest expense Income tax expense $733.000 1.269.000 83,000 58,000 Interest revenue Loss on disposal of plant assets Net sales Other comprehensive income Inet of $1.200 tax) $46,000 29.000 2.212.000 9,600 (a) Your answer is partially correct. Prepare a multiple-step income statement Novak Corp. Income Statement For the Year Ended December 31, 2022 Net Sales 22120 Cost of Goods Sold -12690 Gross Profit 9430 Operating Expenses -233000 Gross Profit 2100 Other Revenues and Gains Interest Revenue 460 Other Revenues and Gains Interest Expense -83000 i Loss on Disposal of Plant Assets -29000 112000 Income before Income Taxes 1440 Income Tax Expense -58000 Net Income /(Loss) $ 860