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 $17,800 under terms of 2/10, n/30 and FOB shipping point. 2) Green Company paid freight cost of $780 to have the merchandise delivered. 3) Payment was made to the supplier on the inventory within 10 days. 4) All of the merchandise was sold to customers for $27,100 cash and delivered under terms FOB destination with freight cost amounting to $580. What is the amount of gross margin that results from these transactions? Multiple Choice $9,076 o $9,656 O $8,876 $8,296 O 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 $17,800 under terms of 2/10, n/30 and FOB shipping point. 2) Green Company paid freight cost of $780 to have the merchandise delivered. 3) Payment was made to the supplier on the inventory within 10 days. 4) All of the merchandise was sold to customers for $27,100 cash and delivered under terms FOB destination with freight cost amounting to $580. What is the net cash flow from operating activities that results from these transactions? Multiple Choice $8,296 inflow $9,656 Inflow O $18,804 outflow $27,100 inflow