Information related to Sheridan Company is presented below. 1. On April 5, purchased merchandise on account from Pronghorn Company for $26,600, terms 3/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $600 on merchandise purchased from Pronghorn. 3. On April 7, purchased equipment on account for $30,300. 4. On April 8, returned $3,200 of merchandise to Pronghorn Company. 5. On April 15, paid the amount due to Pronghorn Company in full.