Part II. Problems. Read the following information carefully and complete the stated nents for each problem. Show all work for partial credit. Point values as indicated. Distributing Company uses the perpetual system of inventory. Janetto had the following transactions during the month of November: urchased inventory on account for $10,000. Terms were 2/10, n/30. Nov. 12 Paid S360 cash for freight on the Nov. 10 purchase. Returned merchandise costing $600 (part of the S10,000 purchase above). Nov. 16 Paid for the merchandise purchased on Nov. 10. n/30 for $300 (part of the $4,800 sale above). Nov. 19 Nov. 22 Sold merchandise on account costing $3,120 for $4,800. Terms were 2/10, Nov. 25 omer returned merchandise costing $195 that had been sold on account Received payment from customer for merchandise sold on Nov. 22. Nov. 30 Record each of the above transactions separately in columns under the Required: accounting equation indicating the specific asset, liability or owners' equity account that would be increased/decreased (i.e. Cash, Inventory, Retained Earnings, etc.) 20 points