Selected transactions for the year: Nov. 9 Nov. 5 Sales price of lumber on account to Shinwari Construction Cost of lumber sold on account to Shinwari Construction Purchase price of tools on account from Pakistan Power Tool Cash collected on receivable from Shinwari Construction Cash paid on account to Pakistan Power Tool Inventory according to accounting records Dec. 5 Dec. 9 Dec. 31 Cost of inventory on hand Cost of goods sold according to accounting records Additional information: Net sales for year $13,390 9,105 3,800 13,390 3,800 182,080 183,790 695,222 1,024,900 $18,000 to Required: Range of additional transportation costs Average nets sales for industry Average gross profit margin for industry (a) Prepare the journal entries for Shinwari Construction? (b) Prepare the journal entries for Pakistan Power Tool? $20,000 1,000,000 25%