1) Purchased $14,000 of merchandise on account under terms 3/10, n/30 2) Returned $1,400 (list price) of merchandise to the supplier before payment was made. 3) Paid the account payable within the discount period. 4) Sold the merchandise for $18.200 cash. The amount of gross margin from the four transactions is Multiple Choice $4,200 $3,822 $5,978