Required information [The following information applies to the questions displayed below) Assume the perpetual inventory system is used. Green Company purchased merchandise inventory that cost $17,100 under terms of 4/10, n/30 and FOB shipping point. 21 Green Company paid freight cost of $710 to have the merchandise delivered 3 Payment was made to the supplier on the inventory within 10 days 4 As of the merchandise was sold to customers for $25700 cash and delivered under terms FOB destination with freight cost amounting to 5510 What is the amount of gross margin het resuits from these transactions? Required information The following information applies to the questions displayed below) Assume the perpetual inventory system is used. 1) Green Company purchased merchandise inventory that cost $17,100 under terms of 4/10, 1/30 and FOB shipping point 2) Green Company paid freight cost of $710 to have the merchandise dellvered 3) Payment was made to the supplier on the inventory within 10 days 4) All of the merchandise was sold to customers for $25700 cash and delivered under terms FOB destination with freight cost amounting to $510 What is the net cash flow from oserating activities that results from these transactions