ABC Company purchased a shipment of hockey sticks from Gretzky Co. on January 2nd, 2021. The invoice terms were as follows: $10,000, 3/10, n/30, FOB Shipping. On January 5th, 2021, freight of $300 was paid in cash. ABC Company uses a periodic inventory system. Gretzky Co. utilizes a perpetual inventory system. What entry is required for ABC Company on January 2nd, 20217 Select one: Oa. Debit Inventory $300, Credit Cash $300 Ob. Debit Freight-Out Expense $300, Credit Cash $300 c. Debit Freight-In Expense $300, Credit Cash $30 Od. No entry required.