The following transactions are for Oriole Company$\mathrm{.}1.$ On December $3,$ Oriole Company sold $$440,000$ of merchandise to Pharoah Co$.$ on account. The cost of the merchandise sold was $$290,400\mathrm{.}2.$ On December $8,$ Pharoah Co$.$ returned $$22,000$ of merchandise purchased on December $3.$ The cost of the goods was $$14,080\mathrm{.}3.$ On December $13,$ Oriole Company received the balance due from Pharoah Co$.$Prepare a tabular summary to record these transactions for Oriole Company using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. Increases in expenses require a negative sign or parentheses. Reductions in revenues require a negative sign or parentheses.