On October 1, ABC purchases 100 units of inventory from XYZ for $100 per unit. These units had a cost of $60/unit to XYZ. The terms of the sale ate 1/15 n/45. On October 5, ABC returns 10 units to XYZ (there are no defects with the returned units). ABC pays for the inventory on October 9. On October 22, ABC sells 10 unigs of the inventory purchased on October 1 for $200 per unit on credit.

On October 1, ABC purchases 100 units of inventory from XYZ for $100 per unit. These units had a cost of 560/unit for XYZ. The terms of the sale are 1/15 n/45. On October 5, ABC returns 10 units to XYZ (there are no defects with the returned units). ABC pays for the inventory on October 9. on October 22, ABC sells 10 units of the inventory purchased on October 1 for $200 per unit on credit. As a result of these events, what is the net income recognized by ABC during the month of October? $1,010 Net Loss O $1,010 Net Income None of the Answers is Correct o $1.000 Net Income On October 1, ABC purchases 100 units of inventory from XYZ for $100 per unit. These units had a cost of 560/unit for XYZ. The terms of the sale are 1/15 n/45. On October 5, ABC returns 10 units to XYZ (there are no defects with the returned units). ABC pays for the inventory on October 9. on October 22, ABC sells 10 units of the inventory purchased on October 1 for $200 per unit on credit. What is the impact to ABC's cash flow during the month of October as a result of these events? None of the Answers is Correct O ($8,910) O $1,010 O $8,910