19. On the multi-step income statement, how is Interest Expense classified? A. Costs of Goods Sold. B. Revenue. Operating Expense. Non-Operating Items. O E. Gross Margin. QUESTION 20 Blue Company purchased merchandise inventory that cost $74,000 under the terms of 2/10 and FOB shipping point. The company paid freight cost of $3,400 to have the merchandise delivered. The payment was made within 10 days. 20. Blue company will record the purchase on account in the general journal as follow: A. Merchandise Inventory (debit), Cash (credit) B. Accounts Payable (debit), Merchandise Inventory (credit) C. Merchandise Inventory (debit), Accounts Payable (credit) D. Cash (debit), Accounts Payable (credit) QUESTION 21 Blue Company purchased merchandise inventory that cost $74,000 under the terms of 2/10 and FOB shipping point. The company paid freight cost of $3,400 to have the merchandise delivered. The payment was made within 10 days. 21. What is the Net Cash Flow from operating activities that result from these operations? A. -$75,920 B. -$74,320 C. +$31,600 D. 9. -$76,000