On November 16. Wayco Furniture bought 55 tables at $40 each. Terms of the purchase were 3/10, n/30. It paid for 30 tables on November 25 and paid for the remaining 25 tables on December 15. If Wayco uses the gross method to account for its inventory purchases, what is its cash payment and reduction of inventory on November 25? What is the amount of accounts payable after the November 25 payment? Assume the perpetual inventory system is used. Since Wayco uses the gross method to account for its inventory purchases, Wayco's cash payment is $ on November 25. The reduction of inventory is $ on November 25. The accounts payable balance after the November 25 payment is $