What is the Net Sales and Cost of Goods Sold for Tron Motors?

Tron Auto Dealership: Both Buyer and Seller buyer start-up M6-7 Recording Journal Entries for Purchases, Purchase Returns, Sales, and Sales Returns Using a Perpetual Inventory System LO 6-39,6-49 seller 2 During its first year of operations, Tron Auto Dealership (TAD) bought vehicles from a manufacturer on account at a cost of 5608,000) TAD returned $152.000 of these vehicles to the Manufacturer for creditfon its account,TAD then sold $380,000 of the remaining vehicles at a selling price of $685,000. STAD's customers rarely return vehicles, so TAD records sales returns only as ha they occur. One customer did return a vehicle to TAD, which had been sold to the customer for $137.000) The vehicle was in perfect condition, so it was put back into TAD's inventory at TAD's cost of S76,000. Prepare journal entries to record these transactions, assuming TAD uses a perpetual inventory system. BUYER AND SELLER GENERAL JOURNAL ENTRIES PERPETUAL INVENTORY SYSTEM POST REF DR 1 CR 1600, 000) 12 ACCOUNT NAME Inventory-vehicle A/P ALP Inventory cash sales revenue Cost of goods sold 3 608,000 152, OUD 152,000 695.000 695.000 380,000 380,000 137.000 137,000 Inventory 4 } reun sales Revenue } return cash Inventory Cost of Goods Sold 76, ovo 176,000