Presented below are transactions related to Crane Gourmet. 1. On December 3, Crane sold HK $644,700 of merchandise on account to Blue Ltd. terms 4/10,n/30, FOB shipping point. The cost of the merchandise sold was HK $363,600. 2. On December 8, Blue was granted an allowance of HK\$27.400 for merchandise purchased on December 3 3. On December 13, Crane received the balance due from Blue. (a) Prepare the journal entries to record these transactions on the books of Crane, using a perpetual inventory system. (List all debit entries before credit entries. Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select 'No Entry' for the account titles and enter O for the amounts. Record joumal entries in the order presented in the problem.)