On February 16, Charles Travel bought 110 bus trips at $80 each. Terms of the purchase were 4/10, n/30. It paid for 50 bus trips on February 25 and paid for the remaining 60 bus trips on March 15. If Charles uses the gross method to account for its inventory purchase, what is its cash payment and reduction of nventory on February25? What is the amounts payableafter the February 25 payment? Assume the perpetual inventory system is used.

Since Charles uses the gross method to account for its inventory purchases, Charles's cash payment is $____ on February 25. The reduction of inventory is $___ on February 25.