On March $10,2025,$ Pharoah Company sold to Coronado Hardware $200$ tool sets at a price of $\backslash (\backslash$$ $47\backslash )$ each $($cost $\backslash$$$28$ per set$)$ with terms of $\backslash ($ n $/60\backslash ),$ f$.$o$.$b$.$ shipping point. Pharoah allows Coronado to return any unused tool sets within $60$ days of purchase. Pharoah 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 $25,2025,$ Coronado returned $6$ tool sets and received a credit to its account. Assume that instead of selling the tool sets on credit, that Pharoah sold them for cash.

$($b$2)$

$-$ Your answer is partially correct.

Indicate the balance sheet reporting by Pharoah at March $31,2025,$ of the information related to the Coronado sales.

PHAROAH COMPANY

Balance Sheet $($Partial$)$

March $31,2025$

Accounts Receivable

$\backslash$$

Allowance for Sales Returns

Inventory