se a tabular summary to record the following transactions for Blossom Company using a perpetual inventory system. (a) On March 2, Blossom Company sold $850,000 of merchandise to Sunland Company on account. The cost of the merchandise sold was $500,000. (b) On March 6, Sunland Company returned $100,000 of the merchandise purchased on March 2. The cost of the merchandise returned was $60,000. (c) On March 12, Blossom Company received the balance due from Sunland Company. (Enter negative amounts using elther a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Assets Liabilities Stockholders' Equity Retained Earnings Inv. -Accts. Pay. +Common Stock+Rev.Exp. Cash + Accts. Rec. a) Mar. 2 s b) c) 12