Problem $5-2$A $($Algo$)$ Record transactions related to credit sales and contra revenues $($LO$5-1,5-2)$ Outdoor Expo provides guided fishing tours. The company charges $ $300$ per person but offers a $20\%$ discount to parties of four or more. Consider the following transactions during the month of May. May $2$ Charlene books a fishing tour with outdoor Expo for herself and four friends at the group discount price $($$$1,20$e $=$ $$240$ x $5).$ The tour is scheduled for May $7.$ may $7.$ The fishing tour occurs. Outdoor Expo asks that payment be made vithin $30$ days of the tour and offers a $65$ discount for payment within $15$ days. Charlene is upset that no one caught a single fish and asks managenent for a discount. Outdoor Expo has a strict policy of no discounts related to number of fish caught. Upon deaper Investigation, managenent of outdoor Expo discovers that Charlene's tour was led by a new guide who did not take the group to sorte of the better fishing spots. In concession, managenent offers a sales allowance of aes of the anount due. May $20$ Outdoor Expo recelves the anount owed by Charlene. Required: $1.$ Record the necessary transaction$($s$)$ for Outdoor Expo on each date. $2.$ Show how Outdoor Expo would present net revenues in its income statement.Show how Outdoor Expo would present net revenues in its income statement. $($Do not round intermediate calculations. Round your answers to $2$ decimal places.$)$ journal entries included