Required Information (The following information applies to the questions displayed below. Powell Company began the Year 2 accounting period with $19,100 cash, $61,000 inventory, $49,800 common stock, and $30,300 retained earnings. During Year 2, Powell experienced the following events: 1. Sold merchandise that cost $38,100 for $76,200 on account to Prentise Furniture Store. 2. Delivered the goods to Prentise under terms FOB destination. Freight costs were $395 cash. 3. Received returned goods from Prentise. The goods cost Powell $1,840 and were sold to Prentise for $4,000. 4. Granted Prentise a $1,180 allowance for damaged goods that Prentise agreed to keep. 5. Collected partial payment of $53,000 cash from accounts receivable. b. Open general tedger T-accounts with the appropriate beginning balances and post the journal entries to the T-accounts Beg. Bal Beg. Bal End. Bal End. Bai Beg Bal Beg. Bal