Your answer is partially correct. 1. The following transactions are for Cullumber Company. On December 3, Cullumber Company sold $640,000 of merchandise to Blossom Co. on account. The cost of the merchandise sold was $422.400. 2 On December 8, Blossom Co. returned $32,000 of merchandise purchased on December 3. The cost of the goods was $20.480 On December 13. Cullumber Company received the balance due from Blossom Co. 3. Prepare a tabular summary to record these transactions for Cullumber Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheseses (451) Stockholders' Equity Retained Earnings Common Stock Rev. Exp. 640000 Accounts recevable 422400 Sales revenue 32000 Cost of goods sold 20400 Accountable Sales retallowances e Textbook and Media List of Accounts Attempts1 of 3 used Subout AWE