Required information [The following information applies to the questions displayed below] Allied Merchandisers was organized on May 1. Macy Company is a major customer (buyer) of Allied (seller) products. May 3 Anlied made its first and only purchase of inventory for the period on May 3 for 2,990 units at a price of $11 cash per unit (for a total cost of $22,009 ). May 5 Allied sold 1,009 of the units in inventory for $15 per unit (invoice total: $15,000 ) to Mocy Company under credit terms 2/19,n/69. The goods cost Allied \$11, 09. May 7 Macy returns 169 units because they did not fit the custoner's needs (invoice anount: 51,590 ). Allied restores the units, which cost $1,100, to its inventory. May 8 Macy discovers that 100 units are scuffed but are still of use and, therefore, keeps the units. Allied gives a price reduction (allowance) and credits Macy's accounts receivable for s7ee to conpensate for the damage. May 15 Allied receives payment from Macy for the amount oved on the May 5 purchase; payment is net of returns, allowances, and any cash discount. Jse the above informations, analyze each transaction by indicating its effects on the income statement-specifically, identify the ccounts and amounts (including + or - for each transaction. Use the above information, analyze each transaction by indicating ts eEects on the income tanement-specificaly, identily the accounts and amounts flocluding + or + for each tramactiont