Because Linda has had such a successful first few months, she is considering other opportunities to develop her business. One opportunity is the sale of fine European moers. The owner of Cullumber Supply Co. has approached Linda to become the exclusive distributor of these fine mixers in her state. The current cost of a mixer is approximately $518, and Linda plans to sell each for 51.035. Linda comes to you for advice on how to account for these mixers. Each appliance has a serial number and can be easily identified In the end, Linda decides to use the perpetual inventory system. The following transactions occurred during the month of January on 4 6 2 Bought five mixers on account from Cullumber Supply Co. for $2,585, FOB shipping point, terms /30. Paid 590 freight on the January 4 purchase. Returned one of the mixers to Cullumber because it was damaged during shipping Cullumber issues Cookie Creations credit for the cost of her plus 518 for the cost of freight that was paid on January 6 for one mixer Bought four miers on account from Cullumber Supply Co. for $2.072. FOB shipping point, terms 11/30 Linda is concerned that there is not enough cash available to pay for all of the mixers purchased. She invests an additional $900 cash in Cookie Creations. 9 10 12 Paid 572 freight on the January 9 purchase