Cinnamon Buns Co. (CBC) started 2021 with $52,200 of merchandise on hand. During 2021, $283,000 in merchandise was purchased on account with credit terms of 2/10 n/30. All discounts were taken. Purchases were all made f.o.b. shipping point. CBC paid freight charges of $9,900. Merchandise with an invoice amount of $2,600 was returned for credit. Cost of goods sold for the year was $297,000. CBC uses a perpetual inventory system. Assuming CBC uses the gross method to record purchases, ending inventory would be: Multiple Choice $39,840. $39,892. 000 $29,992. $45,500