Darlington Company experienced the following business events during its first month of operations. The company uses the perpetual inventory system. 1) The company purchased $13,000 of merchandise on account under terms 3/10, n/30. 2) The company returned $1,700 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 $19,800 cash. What is the gross margin that results from these four transactions? Multiple Choice $10,961 $6,800 $5,100 $8,839 < Prev 2 of 6 Next >