On March 15, 2014, Ryan Company purchased $11,200 of merchandise on credit subject to terms of 2/10, n/30. Ryan Company records its purchases using the gross amount. The periodic inventory system is used. Which of the following journal entries is correct when Ryan Company pays for these goods on March 30, 2014?

Accounts payable	10,976
Purchase discounts	224
Cash		11,200

Accounts payable	10,976
Cash		10,976

Accounts payable	11,200
Cash		11,200

Accounts payable	11,200
Cash		10,976
Purchase discounts		224