Required information [The following information applies to the questions displayed below] Alled Merchandisers was organized on May 1. Macy Company is a major customer (buyer) of Allied (seller) products. May 3 Allied made its first and onty purchase of inventory for the period on May 3 for 3, eee units at a price of s10 cash per unit (for a total cost of $30, eee). May 5 Allied sold 1,500 of the units in inventory for $14 per unit (invoice totat: $21, eee) to Macy Company under credit terms 2/10,n/60. The goods cost Aliied $15,000. May 7 Macy returns 150 units because they did not fit the custoner's needs (invoice anount: $2,100 ). Allied restores the units, which cost $1,500, to its inventory. May 8 Macy discovers that 150 units are scuffed but are stili of use and, therefore, keeps the units. Altied gives a price reduction (atlowance) and credits Macy's accounts receivable for 5900 to compensate for the danage. May 15 Allied receives payment from Macy for the anount owed on the May 5 purchase; payent is net of returns, 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 (including + of -) for each transaction