James Company experienced the following events during its first accounting period (1) Purchased $10,000 of inventory on account under terms 1/10 1/30 (2) Returned $2.000 of the inventory purchased in Event 1 (3) Paid the remaining balance in account payable within the discount period for the inventory purchased in Event 1 Immediately after the three events have been recognized, the balance in the inventory account is Multiple Choice $10,000 57920 Zero $8.000