Question 15 3.45 pts Schumacher Company uses the perpetual inventory system, and it engaged in the following transactions during 2017: 1) Started the business by issuing common stock for $7.650 cash 2) Paid cash to purchase $5,050 of inventory 3) Sold inventory that cost $3,075 for $7,400 cash 4) Incurred and paid operating expenses, $255 Schumacher Company engaged in the following transactions during 2018: 1) Paid cash to purchase $5,925 of inventory 2) Sold inventory that cost $7,150 for $15.450 cash 3) Incurred and paid operating expenses, $510 The gross margin for the year 2017 is: $9,015. O $8,300. $4.070. $4/825/