On December 17, Blossom Company purchased merchandise inventory with an invoice price of $9600 and credit terms of 2/10, n/30 from Ocean Springs Inc. On December 22, Ocean Springs granted a $1600 allowance because some of the goods did not meet product specifications. Blossom paid the account in full on December 30. In the tabular analysis that follows the payment on account on December 30 is recorded by Blossom as Assets Liabilities Stockholders' Equity Retained Earnings Cash + Inventory - Accounts Payable + Common Stock + Rev. Exp. Div. O a decrease to Cash $8000, and a decrease to Accounts Payable $8000, an increase to Inventory $11290, an increase to Accounts Payable $11520, increase Cash $230. O an increase to Cost of Goods Sold $11290, and an increase to Accounts Payable $11290. O an increase to Inventory $11520, and a decrease to Cash $11520