%. P y 9 Purchase on inventory on account PlO0,000 (ABC's bookkeeper records this transaction by debiting Purchases account and crediting Accounts Payable account) Payment of freight on purchases P10,000 Return goods purchased to supplier P5,000 Sale of inventory account for P100,000. Gross profit on selling price is 20%. Goods sold for Pl0,000 was returned by a customer. Gross profit on selling price is 20% Physical count of inventory at end of period, P30,000. The beginning inventory is P2,000 Determine the amount of shortage or overage: 99?? 2300 5300 7300 None of the above