Current Attempt in Progress The following transactions are for Pharoah Company. 1. On December 3 , Pharoah Company sold $450,000 of merchandise to Sheridan Co. on account. The cost of the merchandise sold was $297,000. 2. On December 8, Sheridan Co, returned $22,500 of merchandise purchased on December 3 . The cost of the goods was $14,400. 3. On December 13, Pharoah Company received the balance due from Sheridan Co. Prepare a tabular summary to record these transactions for Pharoah Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number es -45 or parentheses es (45)