Problem $6-3$A $($Algo$)$ Record transactlons and prepare a partial Income statement using a perpetual Inventory system $($LO$6-2,6-5)$ At the beginning of July, CD City has a balance in inventory of $\backslash (\backslash$$ $3,350\backslash ).$ The following transactions occur during the month of July. $```$ July $\}3\backslash$mathrm$\{$ Purchase CDs on account from Wholesale Music for $$2,250,$ terms $2/10,$ n$/30.$ July $4$ Pay cash for freight charges related to the July $3$ purchase from Wholesale Music, $$100.$ July $9$ Return incorrectly ordered CDs to Wholesale Music and receive credit, $$200.$ July $11$ Pay Wholesale Music in full. July $\}12\backslash$mathrm$\{$ Sell CDs to customers on account, $$5,700,$ that had a cost of $$2,950.$ July $15$ Receive full payment from customers related to the sale on July $12.$ July $\}18\backslash$mathrm$\{$ Purchase CDs on account from Music Supply for $$3,050,$ terms $2/10,$ n$/30.$ July $\}22\backslash$mathrm$\{$ Sell CDs to customers for cash, $$4,150,$ that had a cost of $$2,450.$ July $28$ Return CDs to Music Supply and receive credit of $$290.$ July $30$ Pay Music Supply in full. $```$ Required: $1.$ Assuming that CD City uses a perpetual inventory system, record the transactions. $2.$ Prepare the top section of the multiple$-$step income statement through gross profit for the month of July. Complete this question by entering your answers in the tabs below. Assuming that CD City uses a perpetual inventory system, record the transactions. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$ Journal entry worksheet $12$ Record purchase of CDs on account from Wholesale Music for $\backslash (\backslash$$ $2,250\backslash ),$ terms $2/10,$ n$/30.$ Note: Enter debits before credits.