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Use a tabular summary to record the following transactions for Sunland Company using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses.

$($a$)$ On March $2,$ Sunland Company sold $$752,000$ of merchandise to Carla Vista Company on account. The cost of the merchandise sold was $$507,600.$

$($b$)$ On March $6,$ Carla Vista Company returned $$131,600$ of the merchandise purchased on March $2.$ The cost of the merchandise returned was $$88,360.$

$($c$)$ On March $12,$ Sunland Company received the balance due from Carla Vista Company.

Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses.

Increases in expenses require a negative sign or parentheses.

Reductions in revenues require a negative sign or parentheses.

Assets

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