TB MC Qu. 04.70 Ballard Company uses the perpetual inventory... 18 Bald Company uses the perpeto inventory system. The company purchased $8.700 of merchandise from Andes Company under the terms 4/10 30. Batard paid for the merchandise within 10 days and also poid 5320 tright to obtain the goods under terms FOB shipping point. All of the merchandise purchased was sold for $16.400 cash What is the amount of gross margin that resulted from these business events? 375 Mute Chalce SPOD $8.00