The following transactions are for Crane Company 1 2 On December 3, Crane Company sold S 630,000 of merchandise to Cullumber Co. on account. The cost of the merchandise sold was $ 415,800 On December 8, Cullumber Co. returned $ 31,500 of merchandise purchased on December 3. The cost of the goods was $ 20.160 On December 13, Crane Company received the balance due from Cullumber Co 3 Prepare a tabular summary to record these transactions for Crane Company using a perpetual inventory system. (Enter negative amounts using either o negative sign preceding the number , 45 or parentheses es (451) Stockholders' Equity Potninn min Assets Accts. Rec. Date Cash Inventory Dec. 3 $ 630.000 415 800 8 20.160 31.500 13 598,500 -598,500 Liabilities Stock Accts. Pay. Inventory Common Stock Rev. -415,800 20.160 Stockholders' Equity Retained Earnings immon Stock Rev. Exp. $ $ Bad debt expense Cost of goods sold Sales revenue Sales returns & allowances Accounts recievable