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Oriole Company uses the perpetual inventory system and began business on August 1 . During the month Oriole made inventory purchases of $ 9 5

Oriole Company uses the perpetual inventory system and began business on August 1. During the month Oriole made inventory purchases of $9500, terms of 315,n45. Oriole returned $300 worth of goods during the month, paid all suppliers in time to take advantage of all offered cash discounts during the month and sold inventory with a value of $5200. These were the only inventory transactions during the month. What is the balance in the inventory account at the end of August?
$3733
$3724
$4000
$9500
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