Question 2 of 5 ./4 E III View Policies Current Attempt in Progress Use a tabular summary to record the following transactions for Sheridan Company using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. (a) (b) On March 2, Sheridan Company sold $736,000 of merchandise to Crane Company on account. The cost of the merchandise sold was $496,800. On March 6, Crane Company returned $ 128,800 of the merchandise purchased on March 2. The cost of the merchandise returned was $86,480 On March 12, Sheridan Company received the balance due from Crane Company, (c) (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e8.(451) (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (451) Liabilities Stockholders' Equity Retained Earnings Accts. Pay. Common Stock Rev. Exp. nter negative amounts using either a negative sign preceding the number eg.-45 or parentheses es (45)) Stockholders' Equity Retained Earnings Common Stock Rev. Exp. $