Required information [The following information applies to the questions displayed below] On July 15, 2024, the Niche Car Company purchased 1,400 tires from the Treadwell Company for $45 each. The terms of the sale were 2/10,n/30. Niche uses a perpetual inventory system and the gross method of accounting, for purchase discounts. If Niche instead uses a periodic inventory system, explain any changes to the journal entries created in Parts 1 and 2. Required information [The following information applies to the questions displayed below] On July 15, 2024, the Niche Car Company purchased 1,400 tires from the Treadwell Company for $45 each. The terms of the sale were 2/10,n/30. Niche uses a perpetual inventory system and the gross method of accounting, for purchase discounts. If Niche instead uses a periodic inventory system, explain any changes to the journal entries created in Parts 1 and 2