1) The company purchased $13,200 of merchandise on account under terms 3/10,n/30. 2) The company returned $2,700 of merchandise to the supplier before payment was made. 3) The liability was paid within the discount period. 4) All of the merchandise purchased was sold for $20,400 cash. What effect will the return of merchandise to the supplier in event (2) have on Darlington's financial statements? Multiple Choice Assets and stockholders' equity decrease by $2700 Assets and liabilities decrease by $2.619 None. It is an asset exchange transaction Assets and liabilities decrease by $2,700. Darlington Company entered into the following business events during its first month of operations. The company uses the perpetual inventory system 1) The company purchased $13,200 of merchandise on account under terms 3/10, 1/30. 2) The company returned $2,700 of merchandise to the supplier before payment was made. 3) The liability was paid within the discount period, 4) All of the merchandise purchased was sold for $20,400 cash. What is the gross margin that results from these four transactions? Multiple Choice $10,296 $10,215 $7,200 1) The company purchased $13,200 of merchandise on account under terms 3/10,n/30. 2) The company returned $2,700 of merchandise to the supplier before payment was made. 3) The liability was paid within the discount period. 4) All of the merchandise purchased was sold for $20,400 cash. What is the net cash flow from operating activities as a result of the four transactions? Multiple Choice $10,215 $10.296 $7,200 $6,984