Use a tabular summary to record the following transactions for Pharoah Company using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses.

$($a$)$ On March $2,$ Pharoah Company sold $$896,000$ of merchandise to Cullumber Company on account. The cost of the merchandise sold was $$604,800.$

$($b$)$ On March $6,$ Cullumber Company returned $$156,800$ of the merchandise purchased on March $2.$ The cost of the merchandise returned was $$105,280.$

$($c$)$ On March $12,$ Pharoah Company received the balance due from Cullumber Company.

$($Enter negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$