24. Which one of the following transactions is recorded with the same entry in a perpetual and a periodic inventory system? a. Cash received on account with a discount b. Payment of freight costs on a purchase c. Retum of merchandise sold d. Sale of merchandise on credit 25. The amount of net sales on the income statement would be a. $320,000. b. $332,000. c. $338,000, d. $350,000. 26. During August, 2020, Shelby's Supply Store generated revenues of $65,000. The company's expenses were as follows: cost of goods sold of $33,000 and operating expenses of $7,000. The company also had rent revenue of $2,000 and a loss on the sale of a delivery truck of $3,000. Shelby's gross profit for August, 2020 is a. $25,000. b. $27,000. c. $24,000. d. $32,000. During August, 2020, Shelby's Supply Store generated revenues of $65,000. The company's expenses were as follows: cost of goods sold of $33,000 and operating expenses of $7,000. The company also had rent revenue of $2,000 and a loss on the sale of a delivery truck of $3,000. Shelby's income (loss) from nonoperating activities for the month of August, 2020 is a. $0. b. $(3,000). c. $2,000. d. $(1,000)