A merchandising company * Earns profit from buying and selling merchandise O Buys products from manufacturers and sells to retailer Buys products from manufacturers and sells them to consumers O Reports cost of goods sold on the income statement O All of the above Z-Mart purchased $3,000 worth of merchandise on credit. Transportation costs were an additional $100, paid cash to the cartage company on delivery. Z.Mart returned $300 worth of merchandise and paid the invoice on time, and took a 2% purchase discount. The amount of this payment was * O $2,744 O $2,700 O $3,000 O $3,100 O $2,900