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Bimbo experienced the following transactions during Year 2: Purchased $16,000 of inventory on account. Terms were 2/10, net 30. The inventory purchased above was delivered

Bimbo experienced the following transactions during Year 2:

Purchased $16,000 of inventory on account. Terms were 2/10, net 30.

The inventory purchased above was delivered FOB Shipping Point. Freight costs totaled $600.

Returned $500 of the inventory purchased above.

Recorded the cash discount on the goods purchased above and paid the balance due in Accounts Payable within the discount period.

Recognized $21,000 of cash revenue from the sale of inventory and recognized $15,000 of costs of goods sold.

The inventory that was sold was shipped FOB, Destination. Freight costs totaled $950.

Paid $4,000 of selling and administrative expenses in cash.

Sold the land for $5,600.

QUESTION 1- The ending balance in the Cash account totaled _________

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