The following transactions were selected from the records of Lone Star Company. 2/5 Sold merchandise to Elmer Fudd, who paid the $1,000 purchase with cash. The goods cost Lone Star Company $600 2/10 Sold merchandise to Mickey Mouse Inc., at a selling price of $5,000, on terms 2/10, n/30. The goods cost Lone Star Company $3,500 2/18 Sold merchandise to Daffy Duck, LLC., at $3,000 on terms 2/10, n/30. The goods cost Lone Star Company $1,900 2/20 Received a check from Mickey Mouse for half of the amount owed, less discount. 2/28 Received a check from Daffy Duck for the full payment, less discount. Assuming these are the only transactions for the month 1. Prepare Journal Entries to record the transactions 2. Prepare a schedule reporting Sales, COGS and Gross Profit for the month