This information relates to Blossom Co. 1. 2. On April 5, purchased merchandise from Sunland Company for $22,400 on account. On April 7, purchased equipment on account for $24,000. On April 8, returned $2,800 of April 5 merchandise to Sunland Company. On April 15, paid the amount due to Sunland Company in full. 3. 4. Prepare a tabular summary to record the transactions listed above for Blossom Co. using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Assets Cash + Inv. + Equipment = April 5 $ $ 7 8 15 Liabilities + Stockholde Accts. Pay. + Common Stock + Rev. $ $ $ Ers' Equity Retained Earnings Exp. $