Q.3. Betty a business woman in Chicago entered into a consignment arrangement with Sandy in Uganda a dealer in perfumes. Betty agreed to pay Sandy 5% Commission on gross sales and 3% Del Cred ere Commission on gross sales. Betty bought and sent 6,400 Boxes of Perfumes worth UGX 50,000 each to Sandy and incurred freight expenses of UGX 5,000,000; Insurance expenses of UGX 7,000,000 and Other costs of UGX 2,000,000. Sandy, on receiving perfumes paid for loading UGX 4,000,000; Advertising costs of UGX 9,000,000; Wages UGX 50,000,000; Off- loading UGX 3,000,000 and Warehousing UGX 34,000,000. Sandy sold all the perfumes at UGX 80,000 each. Required a) Distinguish between "Consignor" and "Consignee". (5 marks) Prepare the following accounts using the information above. b) an Account Sale. (7 marks) c) Goods Sent on Consignment Account property. (5 marks) d) Consignment Account. (8 marks)