Elkins Corporation uses the perpetual inventory and the gross method. On March 1, it purchased $50,000 of inventory, terms 2/10, 1/30. On March 3, Elkins returned goods that cost $4,000. On March 9, Elkins paid the supplier Prepare journal entries under the following assumptions. Round to the nearest whole dollar, if rounding is necessary Assumption: Periodic inventory system, purchases recorded at net