The following transactions are for Wildhorse Company.

On December $3,$ Wildhorse Company sold $$610,000$ of merchandise to Blossom Co$.$ on account. The cost of the merchandise sold was $$402,600.$

On December $8,$ Blossom Co$.$ returned $$30,500$ of merchandise purchased on December $3.$ The cost of the goods was $$19,520.$

On December $13,$ Wildhorse Company received the balance due from Blossom Co$.$

Prepare a tabular summary to record these transactions for Wildhorse Company using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses.