The following transactions are for Sandhill Company. 1. On December 3, Sandhill Company sold $490,000 of merchandise to Wildhorse Co. on account. The cost of the merchandise sold was $323,400. 2. On December 8 , Wildhorse Co. returned $24,500 of merchandise purchased on December 3. The cost of the goods was $15,680. 3. On December 13, Sandhill Company received the balance due from Wildhorse Co. Prepare a tabular summary to record these transactions for Sandhill 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