Required information (The following information applies to the questions displayed below.] The following trial balance pertains to Benji's Grocery as of January 1, Year 2: Credit Debit $14,100 9,100 61,200 Account Title Cash Accounts receivable Merchandise inventory Accounts payable Common stock Retained earnings Total $ 3,200 67,000 14,200 $84,400 $ 84,400 The following events occurred in Year 2. Assume that Benji's uses the periodic inventory method. 1. Purchased land for $7,300 cash. 2. Purchased merchandise on account for $32,000, terms 2/10 n/30. 3. Paid freight of $320 cash on merchandise purchased FOB shipping point. 4. Returned $1,900 of defective merchandise purchased in Event 2. 5. Sold merchandise for $21,000 cash. 6. Sold merchandise on account for $50,000, terms 1/20 n/30. 7. Paid cash within the discount period on accounts payable due on merchandise purchased in Event 2. 8. Paid $1,800 cash for selling expenses. 9. Collected $39,000 of the accounts receivable from Event 6 within the discount period. 10. Collected $8,000 of the accounts receivable but not within the discount period. 11. Paid $2,700 of other operating expenses. 12. A physical count indicated that $36,000 of inventory was on hand at the end of the accounting period. Cash Accounts Receivable Beg. Bal Beg. Bal End. Bal End. Bal Merchandise Inventory Land Beg. Bal Beg. Bal End. Bal End. Bal Accounts Payable Common Stock Beg. Bal Beg. Bal End. Bal End. Bal Retained Earnings Sales Revenue Beg. Bal Beg. Bal End. Bal End. Bal Sales Discounts Purchases Beg. Bal Beg. Bal End. Bal End. Bal Purchase Discounts Purchase Returns and Allowances Beg. Bal Beg. Bal End. Bal End. Bal Transportation-in Cost of Goods Sold Beg. Bal Beg. Bal End. Bal End. Bal Other Operating Expenses Selling Expenses Beg. Bal Beg. Bal End. Bal End. Bal