C. R. McIntyre Company sells candy wholesale, primarily to vending machine operators. Terms of sales on account are 2/10, n/30, FOB shipping point. The following transactions involving cash receipts and sales of merchandise took place in May of this year:May 2 Received $ 411.60 cash from N. Rojas in payment of April 23 invoice of $ 420, less cash discount. 5 Received $ 2,085 cash in payment of $ 2,000 note receivable and interest of $ 85. 8 Sold merchandise on account to G. Soto, invoice no. 862, $ 830. 9 Received $ 11,838.40 cash from D. Maddox in payment of April 30 invoice of $ 12,080, less cash discount. 15 Received cash from G. Soto in payment of invoice no. 862, less cash discount. 16 Cash sales for first half of May, $ 3,259. 19 Received $ 296 cash from R. O. Higgins in payment of April 14 invoice, no discount. 22 Sold merchandise on account to N. T. Jennings, invoice no. 863, $ 753. 25 Received $ 239 cash refund for return of defective equipment bought in April for cash. 28 Sold merchandise on account to M. E. Mueller, invoice no. 864, $ 964. 31 Cash sales for second half of May, $ 4,728. Required 1. Journalize the transactions for May in the cash receipts journal and the sales journal. Assume the periodic inventory method is used. 2. Total and rule the journals. 3. Prove the equality of the debit and credit totals.