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 Aled (seled products May Allied its first and only purchase of inetary for the period on Hay 3 for 2,000 units at a price of $0 ash per mit (for a total cost of $18,000). wy 5 Allied sold 1,000 of the init inventory for $3 per unit (ielce total $11,000 to Pacy Company under credit 2/10, wee. The gods cost allied 19, 7 Pay returns 10 units because they fit the customer's seeds (involer amount 11,50) Allied restores aynacy severs that 300 units are staffed but are still of use and, therefore, keeps the units. Allied gives a price reduction (alla) and credits Macy's accounts reliable for tee to compensate for the damage. May 15 Allied receives payment from Pay for the amou *** {h Use the above informations, analyze each transaction by indicating ts effects on the income statement-specifically identify the accounts and amounts (including or- for each transaction Income Sales discou Seles resans Cost of goods sold G May 3 An May 5 May T May Am Incense/Decrease Amount May 15 Amount