Cheshire Co purchased $2.100 of merchandise on account. The forms of the purchase are 3/15, 1545, FOB shipping point with prepaid shipping costs of $110. Cheshire pays within the discount period, what is the amount of the purchase discount? (Round the final answer to the nearest cent) O A $59.70 OB. $63 00 O C. 566.30 OD. No discount is allowed when shipping is prepaid Woods company uses the perpetual inventory system. At year end the general ledger indicated that this company had a balance of $48,000 in the Inventory account Actual inventory on hand per a physical count was $49,500 What action does the company now need to take? O A No action is needed, the difference betwere the ledger and actual is less than 5% OB. The company needs to debit Inventory and credit Cost of Goods Sold for $1,500 OC. The company should debit the Purchases account and credit Cost of Goods Sold OD. The company needs to debit Cost of Goods Sold and credit Inventory, $1,500, Shaman Inc.'s income statement includes sales revenue $121,000, cost of goods sold 580,000, and gross profit $41.000 Ifending inventory was accidentally overstated by $3,000, what is the correct amount for gross profit? OA. $41,000 OB. $38,000 OC. 544,000 OD. $47.000