On his way home from work, phil stopped at a shopping center. he parked in front of the dry cleaner, where he could pick up his suit. he did not have to move his car because next door was a gift shop where he could pick up a gift for his niece. conveniently enough, next door to that store was a supermarket, where he purchased essentials like milk and cornflake cereal. phil was shopping in which type of shopping center? a. central business district
b. mixed-use development
c. mall
d. power center
e. neighborhood center

Powell company began the 2018 accounting period with $40,000 cash, $86,000 inventory, $60,000 common stock, and $66,000 retained earnings. during 2018, powell experienced the following events: sold merchandise costing $58,000 for $99,500 on account to prentise furniture store. delivered the goods to prentise under terms fob destination. freight costs were $900 cash. received returned goods from prentise. the goods cost powell $4,000 and were sold to prentise for $5,900. granted prentise a $3,000 allowance for damaged goods that prentise agreed to keep. collected partial payment of $81,000 cash from accounts receivable. required record the events in a statements model shown below. prepare an income statement, a balance sheet, and a statement of cash flows. why would prentise agree to keep the damaged goods?