Required information [The following information applies to the questions displayed below] The transactions listed below are typical of those involving Amalgamated Textiles and esale merchandiser and American Fashions is a retail merchandiser. Assume a all sales of merchandise from Amalgamated to America Assume the following transactions between the two companies occurred December 31 n Fashions are made with terms n/60, and the two companies use perpetual in the order listed during the year ended a Amalgamated sold merchandise to American Fashions at a selling price of $325,000. The merchandise had cost Amalgamated $213,000. b Two days later. American Fashions returned goods that had been sold to the company at a price of $38.500 and complained to Amalgamated that some of the remaining merchandise differed from what American Fashions had ordered. Amalgamated agreed to give an allowance of $6,000 to American Fashions. The goods returned by American Fashions had cost Amalgamated $24,770. c Just three days later, American Fashions paid Amalgamated. which settled all amounts owed. Required: 1. For each of the events (a) through (d. indicate the amount and direction of the effect on Amalgamated Textiles in terms of the following items. (Enter any decreases to account balances with a minus sign.) Net