Assume the perpetual inventory method is used. 1) The company purchased $13,400 of merchandise on account under terms 4/10, 1/30 2) The company returned $2,900 of merchandise to the supplier before payment was made. 3) The ability was paid within the discount period 4) All of the merchandise purchased was sold for $20,800 cash The amount of gross margin from the four transactions is: Multiple Choice O $10:20 $10.836. O $7400 $7,104