Question 4 (10 points] The following transactions occured during 2014 for Burton Corporation which uses a perpetual inventory system a) March 1. Barton Corporation sold merchandise to Star in that cost $2.960 for $3.700 cash (b) March 1 Baron Corporation purchased merchandise on credit from Gulf Corp., torms 60, $8.000, FOB destination (c) March 2 Barton Corporation purchased merchandise from Ludwig Inc for $0.100 under credit forms of 60, FOB destination (d) March 5 Burton Corporation sold merchandise to Alarco Inc, for $2.000 under credit forms of 2/15, 130. FOB destination The merchandise had cost $2.000 (c) March 6: Alor negotiations with Ludwig ind concerning problems with the merchandise purchased on March 2, received a credit memorandum granting a price reduction of 5700 1) March 8 Paid $400 for freight charges on the sale of March 5 (9) March 0 Barton Corporation's marchandise was sold to Bentley Inc for 55,600 under credit terms of 2/15/90, FOB shoping point the cost of the merchandise was 400 ch) March 11: Bentley increquested a prin reduction on the March 9 sale because the merchandise did not meet specifications Sent Bency in a credit momarandum for 5000 to c) March 20. Received Allamco in payment of the amount don from the March 5 sao d) Ani 30: Paid Gulf Corp the balance due ) May 1 Paid the amount due to Ludwig Inc. for the March 2 purchase (1) June 7 Recurved Bentley Ine's payment of the amount due from the March 9 sale al Calculate the cases for Barton Corporation during 2014 Net Sales b) Calculate the cost of goods sold for Burton Corporation during 2014 Cost of Goods Sold