I really need help with Question#10- Can you please provide step by step on how to do?

10.	Took a physical count indicating that $4,300 of inventory was on hand at the end of the accounting period.

At the beginning of 2016, the Redd Company had the following balances in its accounts:

Cash	$13,300
Inventory	5,500
Land	3,200
Common stock	10,000
Retained earnings	12,000

During 2016, the company experienced the following events:

1.	Purchased inventory that cost $12,400 on account from Ross Company under terms 2/10, n/30. The merchandise was delivered FOB shipping point. Freight costs of $920 were paid in cash.
2.	Returned $550 of the inventory that it had purchased because the inventory was damaged in transit. The seller agreed to pay the return freight cost.
3.	Paid the amount due on its account payable to Ross Company within the cash discount period.
4.	Sold inventory that had cost $10,000 for $18,000 on account, under terms 2/10, n/45.
5.	Received merchandise returned from a customer. The merchandise originally cost $1,800 and was sold to the customer for $2,300 cash. The customer was paid $2,300 cash for the returned merchandise.
6.	Delivered goods FOB destination in Event 4. Freight costs of $810 were paid in cash.
7.	Collected the amount due on the account receivable within the discount period.
8.	Sold the land for $5,900.
9.	Recognized accrued interest income of $300.
10.	Took a physical count indicating that $4,300 of inventory was on hand at the end of the accounting period.