Use a tabular summary to record the following transactions for Pharoah Company using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. (a) On March 2, Pharoah Company sold $720,000 of merchandise to Sheridan Company on account. The cost of the merchandise sold was $486,000. (b) On March 6, Sheridan Company returned $126,000 of the merchandise purchased on March 2. The cost of the merchandise returned was $84,600. (c) On March 12, Pharoah Company received the balance due from Sheridan Company. - Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. - Increases in expenses require a negative sign or parentheses. - Reductions in revenues require a negative sign or parentheses