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a On October 22. Buyer Company placed an order to purchase merchandise with payment terms of 2/10, 1/30. The goods were listed by Seller (the
a On October 22. Buyer Company placed an order to purchase merchandise with payment terms of 2/10, 1/30. The goods were listed by Seller (the seller) in the company's catalog at a selling price of $15,500. The goods were carried on Seller's balance sheet at a historical cost of $4,800. Buyer obtained a 6% trade discount. Seller shipped the goods to Buyer on November 2 with shipping terms of FOB Shipping Point and $900 of prepaid freight. The goods arrived at Buyer's facility on November 5. Buyer returned $5,270* of goods and paid the balance due to Seller on November 9. *returned units had an original cost to Seller of $1,920. How much Gross Profit will Seller report on the company's income statement as a result of this transaction? (Round your final answers to the nearest $1). O $4.314 O $5,334 O $3.414 None of the answer choices provided are correct. O $6,234 O $4.190
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