25. Kalen Co. had the following consignment transactions during March 2020 . No sales of consigned goods were made through March 2020. Kalen's March 31, 2020, balance sheet should include consigned inventory for the following amount. A) $18,900 B) $18,000 C) $12,500 D) $12,000 Use the following information to complete Question 26. Madison Corp. has the following information for 2020 : 26. What is Madison's December 31, 2020, ending inventory balance under a periodic inventory system? A) $28,000 B) $44,200 C) $54,800 D) $37,000 E) $20,800 27. On June 30, 2020, Chesterton Inc. purchased merchandise for $2,500 on credit terms 2/10,n/30. Chesterton accounts for purchase discounts using the net method and follows a periodic inventory system. If Chesterton paid the balance in full on July 25,2020 , Chesterton's entry would include a A) Debit to Purchases for $50. B) Debit to Interest Expense for $50. C) Credit to Inventory for $50. D) Debit to Accounts Payable for 2,500. E) None of the above 32. What is Madison's month-end inventory balance under a perpetual inventory system? A) \$2,209 B) $2,039 C) $2,129 D) $2,189 E) $1,979