Problem 5-9A At the beginning of the current season on April 1, the ledger of Granite Hills Pro Shop showed Cash $3,115; Inventory $4,115; and Common Stock $7,230. The following transactions occurred during April 2017. Apr. 5 7 9 10 12 14 17 20 21 27 30 Purchased golf bags, clubs, and balls on account from Arnie Co. $1,845, terms 4/10, n/60. Paid freight on Arnie Co. purchases $98. Received credit from Arnie Co. for merchandise returned $545. Sold merchandise on account to members $1,648, terms n/30. Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $1,021, terms 2/10, n/30. Paid Arnie Co. in full. Received credit from Woods Sportswear for merchandise returned $221. Made sales on account to members $996, terms n/30. Paid Woods Sportswear in full. Granted credit to members for clothing that did not fit properly $98. Received payments on account from members $1,501. Journalize the April transactions using a periodic inventory system. (If no entry is required, select "No Entry" for the account titles and enter o 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. Round answers to 0 decimal places, e.g. 5,275.) Using T accounts, enter the beginning balances in the ledger accounts and post the April transactions. (Post entries in the order of journal entries posted in part a. Round answers to 0 decimal places, e.g. 5,275. For accounts that have a zero balance select "4/30 Bal." from the list and enter o for the amount.) Prepare a trial balance on April 30, 2017. (Do not list those accounts that have zero ending balance.) GRANITE HILLS PRO SHOP Trial Balance For the Month Ended April 30, 2017 - Debit Credit Cash $ $ Accounts Receivable Inventory Accounts Payable Common Stock Retained Earnings Sales Sales Returns and Allowances $ $ Prepare an income statement through gross profit, assuming inventory on hand at April 30 is $5,243