Problem 5-1A Waters Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, Water?s ledger showed Cash of $11,528 and Common Stock of $11,528. Journalize the transactions using a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Post the transactions to T-accounts. Be sure to enter the beginning cash and commo stock balances. (Post entri Calculate the profit margin and the gross profit rate. (Assume operating expenses were $2,017.) (Round answers to 0 decimal places, e.g. 1: Profit margin % Gross profit rate %