This information relates to Sheridan Co. On April 5, purchased merchandise from Crane Company for $32,600 on account. 1. 2. On April 7, purchased equipment on account for $34,200. 3. On April 8, returned $4,500 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 eg.-45 or parentheses e.g. (45).) April 5 $ 7 8 15 Assets Lial Cash Inv. Equipment Acc