[The following informet Larry's Building Supplies (LBS) Is a local hardware store. LBS uses a perpetual Inventory system. The following transactions (summarized) have been selected for analysis: tion applies to the questions displayed below] a. Sold merchandise for cash (cost of merchandise $273,350) b. Recelved merchandise returned by customers as unsatisfactory (but In perfect condition) $590,000 for cash refund (original cost of merchandise $3100) c. Sold merchandise (costing $5,880) to a customer on account with terms 2/10, n/30. d. Collected half of the balance owed by the customer in (c) within the discount period. 4,800 9,800 4,802 e. Granted a partial alowance relating to credit sales that the customer in (c) hed not yet paid.1550