Navis, Incorporated, has a liberal return policy that allows its customers to return any purchase within 30 days without questlon. While following this policy results in more returns than are normal in the industry. Navis management belleves that policy helps create customer toyalty, and as a result. It is willing to accept a higher level of returns. In addition, the nature of the products Navis sells means they can easily be returned to its inventory and become available to other customers without significant additional cost. Required: o. Record Navis, Incorporated's sales for a month at $78,800. The items sold cost $59,100. Navis records sales at the total invoice amount. b. Record the return of $9,400 of the above sales within the 30 -day return period. c. Record the receipt of payment on the remainder of the month's sales, assuming that customers putchasing $53,800 took advantage of a 2 percent cash discount for early payment. None of the customers taking advantage of the cash discount were among those that returned their purchases. Record the Navis, Incorporated's sales for a month. Note: Enter debits before credits. Journal entry worksheet Record the cost of inventory sold. Note: Enter debits before credits. Journal entry worksheet Record the sales returns at the total invoice amount. Note: Enter debits before credits. Note: Enter debits before credits