12 Ballard Company uses the perpetual inventory system. The company purchased $9.500 of merchandise from Andes Company terms 2/10.net/30. Ballard paid for the merchandise within 10 days and also paid $400 freight to obtain the woods under terms point. All of the merchandise purchased was sold for $18,000 cash. The amount of gross margin for this merchandise is: E 015722 Multiple Choice () $9,500. 8,500. 58.100 58,290.