Bamey Company uses the perpetual inventory system. The company purchased $4,000 of merchandise from Bittiker Company under the terms 2/10, 1/30. The vendor was paid off within the discount period. Barney also paid $150 freight to obtain the goods under terms FOB shipping point. All of the merchandise purchased was sold for $9,000 cash. The amount of gross margin for this merchandise is: O 53,850 0 $4,070 0 54,930 O $4,000