Cinnamon Buns Co. (CBC) started 2021 with $52,500 of merchandise on hand. During 2021, $297,000 in merchandise was purchased on account with credt terms of 2:10n/30. All discounts were taken. Purchases were all made to.b. shipping point. CBC paid freight charges of $10,300. Merchandise with an invoice amount of $3,600 was returned for credit. Cost of goods sold for the year was $298,000. CBC uses a perpetual inventory system. Assuming CBC uses the gross method to record purchases, ending inventory would be: Muliple Choices 552,332. 352,260. $42,032