This information relates to Sheridan Co. 1. On April 5, purchased merchandise from Crane Company for $26,000 on account. 2. On April 7, purchased equipment on account for $27,600. 3. On April 8, returned $3,400 of April 5 merchandise to Crane Company. 4. On April 15, paid the amount due to Crane Company in full. Prepare a tabular summary to record the transactions listed above for Sheridan 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 Liabilities Cash April 5 $ 7 8 15 $ Inv. Equipment Accts. Pay. $ Common Stock Rev. Stockholders' Equity Retained Earnings Exp. Sales revenue Cost of goods sold Salaries and wages expense Dividends declared