Darlington Company experienced the following business events during its first month of operations. The company uses the perpetual inventory system. 1) The company purchased $14,100 of merchandise on account under terms 2/10,n/30. 2) The company returned $2,800 of merchandise to the supplier before payment was made. 3) The liability was paid within the discount period. 4) All of the merchandise purchased was sold for $22,000 cash. What is the gross margin that results from these four transactions? Multiple Choice $7,900 $5,100 $11,074 $10,926 Darlington Company experienced the following business events during its first month of operations. The company uses the perpetual inventory system. 1) The company purchased $14,000 of merchandise on account under terms 2/10,n/30. 2) The company returned $2,700 of merchandise to the supplier before payment was made. 3) The liability was paid within the discount period. 4) All of the merchandise purchased was sold for $21,800 cash. What is the net cash flow from operating activities as a result of the four transactions? Multiple Choice $5,100 $10,726 $7,800 $11,074