Q 1 Rip-And-Tear Limited is a merchandiser of paper products On November 3, 2022 Rip-And-Tear Limited purchased 200,000 units of goods from Peter Pan Paper Limited on credit with credit terms of 2/15. n/30. The recommended listing price of the goods purchased by Peter Pan Paper Limited is $20,000,000. Peter Pan Paper Limited provided a 30% trade discount to Rip-And-Tear Limited. On November 8, 2022, Rip-And-Tear Limited returned 30% of the units purchased on November 3, 2022 as the items were the wrong size. Rip-And-Tear Limited tried to return another 30,000 units on November 9, 2022 but were persuaded by Peter Pan Limited to keep the items in consideration of a reduction of 20% in the remaining balance due on the items purchased. On November 14, 2022 Rip-And-Tear Limited paid 50% of the amount due to Peter Pan Paper Limited. The remaining balance was paid in cash on November 30, 2022 Required: Assume Rip-And-Tear Limited uses the perpetual inventory system. What was the amount of the payment made by Rip- And-Tear Limited to Peter Pan Limited on November 30, 20222 FI T Select one: a. $3,920,000 b. $7,840,000 C. $3,841,600 d. $7,683,200