Ramos Hair Styling is a wholesaler of hair supplies. Ramos Hair Styling uses a perpetual inventory system. The following transactions $($summarized$)$ have been selected for analysis:a$.$ Sold merchandise for cash $($cost of merchandise $$30,957).$b$.$ Received merchandise returned by customers as unsatisfactory $($but in perfect condition$)$ for cash refund $($original cost of merchandise $$280).$c$.$ Sold merchandise $($costing $$6,460)$ to a customer on account with terms n$/60.$Collected half of the balance owed by the customer in $($c$).$e$.$ Granted a partial allowance relating to credit sales the customer in $($c$)$ had not yet paid.f$.$ Anticipate further returns of merchandise $($costing $$200)$ after year$-$end from sales made during the year.$ $55,04031013,6006,800172320$