Required Information Exercise 4-28C (Static) Net method: Recording sales, purchases, shipping, and returns-buyer and seller LO P7 [The following information applies to the questions displayed below. Sydney Retalling (buyer) and Troy Wholesalers (seller) enter into the following transactions. May 11 Sydney accepts delivery of s4e, e0e of nerchandise it purchases for resale from Troy: invoice dated May 11, terms 3/1e, n/90, fos shipping point. The goods cost troy $30,60e. Sydney pays $345 cash to Express Shipping for delivery charges on the merchandise. May 12 Sydney returns $1,460 of the $40,0e0 of g0ds to 1 roy, who receives then the same day and restores them to its inventory. The returned goods had cost Troy $1, ese. May 20 Sydney pays Troy for the anount owed. Troy recelves the cash immediately. (Both Sydney and Troy use a perpetual Inventory system and the net method.) Exercise 4-28C (Static) Part 2 Seller 2. Prepare joumal entries that Troy Wholesalers (sellet) records for these three transactions