Jimmy bought inventory on account for $5,000 dollars on July 1st. The terms were net 30, 2/10. Assume Jimmy uses the perpetual method of recording inventory. 1) Record the purchase of inventory under the GROSS METHOD 2) Record the payment for inventory under the GROSS METHOD if the payment was made on July 7th 3) Record the payment for the inventory under the GROSS METHOD if the payment was made on July 25th. Net Method: 1) Record the purchase of inventory under the NET METHOD 2) Record the payment for the inventory under the NET METHOD if the payment was made on July 7th 3) Record the payment for the inventory under the NET METHOD if the payment was made on July 25th