Assume the perpetual inventory method is used. 1) Green Company purchased merchandise inventory that cost $17,400 under terms of 4/10,n/30 and FOB shipping point. 2) The company paid freight cost of $740 to have the merchandise delivered. 3) Payment was made to the supplier within 10 days. 4) All of the merchandise was sold to customers for $26,300 cash and delivered under terms FOB shipping point with freight cost amounting to $540. The gross margin from these transactions of Green Company is Multiple Choice O $8,316 O $9,596. O $9,056 O $8,856