Please i need help with accounting class, can you help me to solve this problem?

Purchase-Related Transactions Steritech Co., a furniture wholesaler, sells merchandise to Butler Co. on account, $86,000, terms 2/10, n/ 30. The cost of the merchandise sold is $51,600. Steritech Co. issues a credit memorandum for $5,000 ($4,900 net of the 2% discount) for merchandise that was damaged in shipment. Butler Co. agreed to keep the damaged merchandiise. Illustrate the effects on the accounts and financial statements of Butler Co. If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. a. The purchase. Statement of Cash Flows Cash Statement of Cash Flows Assets Inventory Balance Sheet Liabilities No Effect Balance Sheet Income Stockholders' Equity Statement Retained Earnings Income Statement b. The credit for damaged merchandise. Statement of Cash Assets Flows Statement of Cash Flows Liabilities Income Stockholders' Equity Statement Income Statement