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Sheridan's Market recorded the following events involving a recent purchase of inventory: Received goods for $77000, terms 2/13,n/30. Returned $1200 of the shipment for credit.

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Sheridan's Market recorded the following events involving a recent purchase of inventory: Received goods for $77000, terms 2/13,n/30. Returned $1200 of the shipment for credit. Paid $600 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company's inventory increased by $74872. increased by $74284. increased by $74884. increased by $76400

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