Problem I: (25 points) Pullen Inc. uses the gross method for recording purchase and sales discounts. They had the following transactions occur in October of 2021. Oct 1: Purchased inventory costing $2,000, terms 2/10, n/30. Oct 1: Paid $30 in freight charges related to the above purchase. Oct 9: Paid for the inventory purchased on Oct 1. Oct 15: Returned one-fourth (1/4) of the inventory purchased on Oct 1 back to the supplier. The supplier will apply the return against future payables for Pullen. Oct 20: Sold inventory costing $400 for $900, terms 2/10, n/30. Oct 25: The customer from the Oct 20th sale returned one-half of the inventory back to Pullen. Pullen estimates its sales returns. Required: Compare the perpetual and periodic inventory systems by recording the entries for each of the above transactions in the general journal below. Reminder: Please use proper formatting. Date Perpetual System Dr Cr Periodic System Dr Cr 10/1 10/1 10/9 10/1 15 (Continued on the next page) Problem I (continued): Date Perpetual System Dr Cr Periodic System Dr Cr 10/20 10/25