lowing transactions are for Oriole Company. On December 3, Oriole Company sold $440,000 of merchandise to Pharoah Co, on account. The cost of the merchandise sold was $290,400. On December 8, Pharoah co, returned $22,000 of merchandise purchased on December 3. The cost of the goods was $14,080. On December 13 , Oriole Company received the balance due from Pharoab co