On February $26,$ Sheridan issued a purchase order to acquire

goods costing $$735.$ The goods were shipped FOB destination.

The receiving report indicates that Sheridan received the goods

on March $2.$

On February $26,$ Sheridan shipped goods to a customer, FOB

shipping point. The invoice price was $$350$ plus $$20$ for freight.

The cost of the items was $$260.$ The receiving report indicates

that the goods were received by the customer on March $4.$