J. Li, a former professional tennis star, operates Li's Tennis Shop at the Yellow River Resort. Li's Tennis Shop using a perpetual inventory system At the beginning of the current season, the ledger of Li's Tennis Shop showed Cash $2,700, Accounts Receivable $3,000, Merchandise Inventory $2,100, Accounts Payable $3,800 and Share Capital-Ordinary $4,000 The following transactions were completed during April. April 4 Purchased racquets and balls from a new supplier, Wellman Co., $2000, FOB shipping point, terms 4/10, n/30. April 6 Paid freight on purchase from Wellman Co. $80. **do not input comma ",", dollar sign "$" for numerical figures, for five thousand dollars, just input 5000, otherwise, no marks will be awarded!