39. Costner's Market recorded the following events involving a recent purchase of merchandise: Received goods for $40,000, terms 2/10, n/30. Returned $800 of the shipment for credit. Paid $200 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company's inventory A) increased by $38,416. B) increased by $38,612. C) increased by $38,616. D) increased by $39,400. 40. The collection of a $1,500 account after the 2 percent discount period will result in a A) debit to Cash for $1,470. B) debit to Accounts Receivable for $1,500. C) debit to Cash for $1,500. D) debit to Sales Discounts for $30. 41. The Sales Returns and Allowances account is classified as a(n) A) asset account. B) contra asset account. C) expense account. D) contra revenue account