Presented below are transactions related to Blossom Company.

On December $3,$ Blossom Company sold $$586,700$ of merchandise to Ayayai Co$.,$ terms $\frac{4}{10},\frac{n}{30},$ FOB destination. Blossom paid $$730$ for freight charges. The cost of the merchandise sold was $$391,300.$

On December $8,$ Ayayai Co$.$ was granted an allowance of $$28,000$ for merchandise purchased on December $3.$

On December $13,$ Blossom Company received the balance due from Ayayai $Co.$