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Jackson Company reported the following information relating to its inventory: purchases ......$89,000 freight-out .......$3,000 purchase returns .......... ? cost of goods sold ..........83,000 beginning inventory

Jackson Company reported the following information relating to its inventory:

purchases ......$89,000

freight-out .......$3,000

purchase returns .......... ?

cost of goods sold ..........83,000

beginning inventory .......34,000

purchase discounts ........8,000

freight-in ....................... 5,000

ending inventory ............14,000

Calculate the amount of Jackson Company's purchase returns.

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