Nakashima Gallery had the following petty cash transactions in February of the current year. Nakashima uses the perpetual system to account for merchandise Inventory. Feb. 2 Wrote a $369 check to establish a petty cash fund. 5 Purchased paper for the copier for $16.15 that is immediately used. 9 Paid $42.50 shipping charges (transportation-in) on merchandise purchased for resale, terms foB shipping point. These costs are added to merchandise inventory. 12 Paid $8.35 postage to deliver a contract to a client. 14 Reimbursed Adina Sharon, the manager, $67 for mileage on her car. 20 Purchased office paper for $68.77 that is immediately used. 23 Paid a courier $23 to deliver merchandise sold to a customer, terms foB destination. 25 Paid \$11.90 shipping charges (transportation-in) on merchandise purchased for resale, terms foB shipping point. These costs are added to merchandise inventory. 27 Paid $58 for postage expenses. 28 The fund had $21.58 remaining in the petty cashbox. Sorted the petty cash receipts by accounts affected and exchanged them for a check to reimburse the fund for expenditures. 28 The petty cash fund amount is increased by $1 ? 0 to a total of $460. Required: 1. Prepare the joumal entry to establish the petty cash fund. 2. Prepare a petty cash payments report for February with these categorles: dellvery expense, mileage expense, postage expense, merchandise Inventory (for transportation-In), and office supplies expense. 3. Prepare the journal entrles for required 2 to both (a) relmburse and (b) Increase the fund amount. Complete this question by entering your answers in the tabs below. Prepare a petty cash payments report for February with these categories: delivery expense, mileage expense, postage expense, merchandise inventory (for transportation-in), and office supplies expense. (Round your answers to 2 decimal