Sales have grown rapidly due to d environmental reasons Harold Frieze owns Euro Lighting, a lighting aesthetically pleasing fixtures. Sales have energy consumption for economic and envir store that specializes in energy efficient and wdly due to recent consumer interest in reducing Increased sales have brought new challenges the store, but consumers often find they clash the modern" styling of the fixtures looks great in brought about a high rate of return. Harold other fixtures once they take them home. This has packaging Accepts returns of undamaged goods with original Second, many of the fixtures are rather techni frequently damage the products (and packaging) cal and require care when installing Customers not accept such goods for retum, but has establishe when attempting to do an installation. Harold does price as an "allowance" for customers who complain Shed a policy of refunding a portion of the purchase of such problems (a) Prepare a journal entry for each of the following scenarios A customer purchased a lighting fixture for cash of Cash of $350 A customer purchased a lighting fixture on account for $500 A customer returned a lighting fixture for a cash refund of $275 A customer returned a fixture for a credit on account of $600 A complaining customer received a $100 allowance in cash A complaining customer received a $70 credit on account A customer paid their balance on account of $475 (b) Calculate Euro Lighting's net sales and Gross profit based on the following information, and show how such information would appear on the upper portion of the income statement for the year ending December 31, 2019. Do not include any information from part(a) Gross sales, $760,000 Sales returns and allowances, $42,500 Cost of goods sold, $312,000 Prepare seven journal entries as requested and prepare a partial income statement. When you finish upload your file into Blackboard