Answer this question about wildhorse company.

Current Attempt in Progress 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, f.o.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. (a) Your answer is partially correct. 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.) 2025 2025 2025 2025 2025 2025 Account Titles and Explanation Accounts Receivable Sales Revenue (To record sales) Cost of Goods Sold I nventory (To record cost of goods sold) Sales Returns and Allowances Accounts Receivable (To record sales returns) Returned Inventory Cost of Goods Sold (To record cost of goods returned) Sales Returns and Allowances Allowance for Sales Returns (Adjusting entry for sales returns) Estimated Inventory Returns Cost of Goods Sold (Adjusting entry for cost of goods sold) Debit eTextbook and Media List of Accounts Save for Later Attempts: 3 of 5 used Credit Submit Answer Indicate the income statement reporting by Wildhorse at March 31, 2025, of the information related to the Indigo sales transaction. eTextbook and Media List of Accounts Save for Later WILDHORSE COMPANY Income Statement (Partial) Attempts: Oof 5 used Submit Answer I ndicate the balance sheet reporting by Wildhorse at March 31, 2025, of the information related to the Indigo sales transaction. WILDHORSE COMPANY Balance Sheet (Partial)