2012 Gardner Company engaged in the following transactions in June, the company's first month of operations: June 1 The owner or Gardner Company, Aiko Alders invested $384,000 cash and $144,000 of merchandise inventory in the business. The inventory consisted of 12,000 units at $12 2014 each. uopos no esibnerionem bsearious of 3 Merchandise was purchased on account, 12,800 units at $15 for a total of $192,000; terms 2/10, n/30, FOB shipping point