On June 15, Oakley Inc. sells merchandise on account to Sunglass Hut (SH) for $4,500, terms 4/10, n/30. On June 20, SH returns to Oakley merchandise that SH had purchased for $1,000. On June 24, SH completely fulfills its obligation to Oakley by making a cash payment. What is the amount of cash paid by SH to Oakley?

$4,500.

$3,320.

$3,360.

$3,500.

The net sales of a company is $316,000. The cost of goods available for sale is $296,000 and the gross profit percentage is 43%. What is the amount of ending inventory? O $135,880 O $100,88o O $180120 O $115,880