Question V2V 3V ,? s? 1:31 PM Status: For this question, do not worry about computing or recording the cost of the goods sold. It will just be ignored. Record the effect on the accounting equation of the two following transactions using the GROSS method for recording sales. You must fill in any unused answer blocks in with zeros.) Record any revenues or expenses directly into Retained Earnings. 1. The Goodsall Company makes a sale on March 5 for $40300 with the terms 3/10 n/45. 2. The Goodsall Company receives the payment in full on March 22 for the items sold above. Assets Liabilities + Equity Cash Accounts Receivable Accounts Payable Contributed Capital Retained Earings 1. 2 3. What is the Net sales reported on the income statement for these transactions? CHECK