#5 please answer all parts (fill in all boxes). please read the questionumbers carefully! similar questions may already be posted to Chegg but they have slightly different numbers. i will give upvote/thumbs up for correct answer! thank you for your help!

*if you give me an email and ask for money I will report you*

On March 10, 2025. Wildhorse Company sold to Indigo Hardware 210 tool sets at a price of $48 each (cost $32 per set) with terms of n/60, fo.b. shipping point. Wildhorse allows Indigo to return any unused tool sets within 60 days of purchase. Wildhorse estimates that (1) 10 sets will be returned, (2) the cost of recovering the products will be immaterial, and (3) the returned tools sets can be resold at a profit. On March 25,2025, Indigo returned 6 tool sets and received a credit to its account. Prepare journal entries for Wildhorse to record (1) the sale on March 10, 2025, (2) the return on March 25, 2025, and (3) any adjusting entries required on March 31, 2025 (when Wildhorse prepares financial statements). Wildhorse believes the original estimate of returns is correct. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Date Account Titles and Explanation (To record sales) (To record cost of goods sold) (To record sales returns) (To record cost of goods returned) (Adjusting entry for sales returns) (Adjusting entry for cost of goods sold) Indicate the income statement reporting by Wildhorse at March 31, 2025, of the information related to the Indigo sales transaction. Indicate the balance sheet reporting by Wildhorse at March 31, 2025, of the information related to the Indigo sales transaction