Required information The following information applies to the questions displayed below! Alied Merchandisers was organized on May 1. Macy Company is a major customer buyer of Alied seller) products May Allied made its first and caly purchase of inventory for the period on way for 3,000 is a price of $12 cash per unit for a total cost of 533,000). May Allind sold 1.500 at the site is Liventary for $15 per unie (Lavlee totalt 122.500 to Mary Company under credit te 2/10. /40. The good cont All 134,500. May ? Racy returns 150 units becase they did not fit the customer's needs invoice amount 07,250). Allsed Testore the units, which cout 51.450. to its livestory Hay Macy discover that 150 units are steder i of we end, therefore, Xenpe the it. Allied give price reduction (allowance and credite Hacy accounts receivable for 11.650 to compensate for the damage Hay 15 Allied receives payment Eco Nacy for the amount owed on the way 5 perche payment met of return, allowances, and any cash discount Use the above informations, analyze each transaction by indicating its effects on the income statement-specifically, identify the accounts and amounts includingor) for each transaction May May horse Mays Increase Orrente Bencse Am Amunt In Decrease Amurd Amount increasa Dere Amount Interesse 22.500 Line In Statement Components Sales Sales Sales return and wow Ness Cost of goods sold Grosso - der 1,650-es 1 con care inase 22.000 de 10.500) decrease 6.000 el cas - der 105-douce