03. The following information pertains to Ellan Inc's purchase of merchandise from Coom Company: Purchase price $500,000; Transportation costs $15,000 with Term O.B. destination; Purchase returns $25,000; Purchase discounts $10,000. What would be the balance of merchandise inventory account in Ellan's general ledger? a) $500,000 b) $475,000 Oc) $465,000 Od) $480,000 O el $515,000