Required Information The following information applies to the questions clsplayed below) Allied Merchandisers was organized on May 1 Macy Company is a major customer buyer of Allied (seller products Hay liedade te tires and only purchase of Lovestory for the period only for 1.000 units price ocah pernit (for total of 1,000). Hay Alled od 500 of the inventory for $12 (voon totalt 16.000) to MAC Company under credit cars 3/10, 1/80. The good cout Alta 4,000 May 7 My returns 50 unit but they do is the contenedo (voice 600). Allied rate the units, which ont 5400, 11 Letry. Hay Hay discover that 50 units are suffed but are still of and, therefore, the unite Alliedves pie reduction allowance) and credite Macy's receivable for $200 to cate for the day May 15 Adres payment from my for the mounted on the purchase payment to to ret, all And Any canh se the above Wformation melyre each section by indicating its effects on the income statement-specifically identify the accounts and amounts includingorforesch transaction May May May name Balant Cuma May Increase Am AR Amunt meras Je Ant Iner Den Amen als de and we Coro Grossro