On December 17, RaCo purchases merchandise for $5,000 F.O.B. destina- tion, 3/10, n/30. Three days later, RaCo returns some of the goods for a $700 credit, and on the following day, it sells goods that cost $1,100. RaCo records purchases at net. On January 28, it pays the balance due. Calculate the amount that will appear on RaCo's balance sheet under "Inventory" on December 31. n vertzy ou 00 ot