Pronghorn Ltd. and Culver Ltd. incurred the following merchandise transactions in June. June 10 11 12 19 Pronghorn sold $5,400 of merchandise to Culver, terms n/30, FOB shipping point. The merchandise cost Pronghorn $3,240 when it was originally purchased. Pronghorn has historically experienced a return rate of 10%. Freight costs of $270 were paid by the appropriate company. Pronghorn received damaged goods returned by Culver for credit. The goods were originally sold for $540; the cost of the returned merchandise was $324. The merchandise was not returned to inventory. Pronghorn received full payment from Culver.