Not more than 18 minutes 2. Willetta purchased merchandise from Schuyler for $13,700; term 3/10; n/30. FOB Shipping point. Willetta paid freight-in of $1,300. Willetta uses perpetual inventory system. Willetta returned $3,200 of the merchandise to Schuyler. Willetta paid all the amount due on time to take advantage of the discount allowable. Willetta sold all the merchandise for $21,400 cash. a) Make necessary entries for all the transactions and b) calculate the net cash flow based on your entries. Net cash flow is the difference between cash in flow and cash outflow