or 3/15, n/45. Some of the goodsare damaged in shipment, so Toys " Us returns $10,000 of the merchandise to Lego. Su ppose Toys "Us buys $100,000 worth of Lego toys on credit How much must Toys " Us pay Lego FILL IN Within the discount period? 17TWholesale Company began the year with inventory of $8,000. During the year, T purchased $90,000 of goods and returned $6,000 due to damage. T also paid freight charges of $1,000 on inventory purchases. At year-end T's adjusted inventory balance stood at $11,000. T uses the periodic inventory system. Compute Ts cost of goods sold for the year. FILL IN 8 JDC purchased inventory for $5,000 and also paid a S300 freight bill. JDC returned half the goods to the seller and later took a 2% purchase discount. What is JDC's cost of the inventory that it kept? a. $2,700 b. $2,800 c. $2,750 d. $2,500 /9The allowance for uncollectible accounts curmentily has a credit balance of $200. The company's management estimates that 25% of net credit sales will be uncollectible. Net credit sales are $115,000. What will be the amount of t expense reported on the income statement? C) S3,275 A) $2,675 B) $3,075 D) $2,875 3o An asset was purchased for $12000. The asset's estimated useful life was 3 years and its residual value was $2000. How much gain or loss is reported if the asset is sold for $3,000 at the beginning of the fourth year? A) $2,000 loss C) $1,000 loss B) $1,000 gain D) No gain or loss Sales revenue Cost of goods sold Operating expenses Interest Revenue $460,000 300,000 85,000 5,000 What is gross profit? FILL