Question 3 40 pts Two different companies, Ripper and Berners, entered into the following inventory transactions during December. Both companies use a perpetual inventory system. December 3 - Ripper Corporation sold inventory on account to Berners Corp. for $480,000, terms 2/10,n/30. This inventory originally cost Ripper $320,000. December 8 - Berners Corp. returned inventory to Ripper Corporation for a credit of $30,000. Ripper returned this inventory to inventory at its original cost of $20,000. December 12 - Berners Corp. paid Ripper Corporation for the amount owed. Required: Prepare the journal entries to record these transactions on the books of Ripper Corporation. Use the MSWord link for the table to write your journal entries. After you have written the journal entries on the table in the MSWord document provided, type in your name below the table on the document, save the document and then upload it to this problem in the upload space provided at the bottom of this box. MSWord Journal Entry Forme