The beginning account balances for Terry's Auto Shop as of January 1, Year XXX1, follows:
Account titles			Beginning balances
Cash			$6,100
Inventory			$3,180
Common stock			$7,460
Retained earnings			$1,820
The following events affected the company during the year:
1	Purchased merchandise on account that cost $4,230
2	The goods in event 1 were purchased FOB shipping point with freight cost of $230 cash.
3	Returned $480 of damaged merchandise for credit on account.
4	Agreed to keep other damaged merchandise for which the company received an $205 allowance.
5	Sold merchandise that cost $2,660 for $4,940 cash.
6	Delivered merchandise to customers in event 5 under terms FOB destination with freight costs amounting to $190 cash.
7	Paid $2,940 on the merchandise purchased in event 1
Select ALL statements that are TRUE.

	A.	The ending inventory balance is $4,295
	B.	The ending balance of Retained earnings is $3,910
	C.	The ending cash balance is $7,605
	D.	The ending balance of Common stock is $7,460
	E.	The ending balance of Accounts payable is $760