Fiore Inc. recorded the following events involving a recent purchase of inventory:

Purchased goods for $125,000, terms 2/10, n/30

Returned $1,400 of the shipment for credit.

Paid $900 freight on the shipment.

Paid the invoice within the discount period.

Sold half of the goods previously for a total of $86,000, terms 1/15, n/45 to Motae Co

Provided a 1% allowance to Motae Co. for returned goods

Record the journal entries for the above transactions. Fiore Inc. uses the

periodic inventory method.