Assume the perpetual inventory method is used Green Company purchased merchandse imventory that cost $17600 under terms of 2.10, '30 and Foe shipping point. 21 The company paild freight cost of $760 to have the merchandise deivered 3) Payment was made to the supplier withi 4) All of the merchandise was sold to custommers for $26,700 cash and deivered under torms FOB shipping point with freight cost amounting 10 days. to $560 The gross margin from these transactions of Green Company is