The following events apply to Deb's Dance Wholesalers.1)Sold merchandise to a customer. The goods were shipped FOB destination, with a freight cost of $50.2)Purchased merchandise with freight cost of $75, shipped with the terms FOB shipping point.3)Sold merchandise to a customer with freight cost of $40, shipped FOB shipping point. Required: a)What is the total amount of freight that will be paid by Deb's Dance Wholesalers?b)What is the amount of the expense that will be recorded with regards to freight costs paid by Deb's Dance Wholesalers?
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