Assume Beta Company uses the perpetual inventory method and engaged in the following transactions: 1 Purchased $25,000 of merchandise on account under terms 2/10, 1/30. 2) Returned $2,500 (list price) of merchandise to the supplier before payment was made. 3) Paid the account payable within the discount period. 4) Sold the merchandise for $32,500 cash. The amount of gross margin from the four transactions is Multiple Choice 0 O $10,500 0 $7,500. 0 $10,450 O $7,050