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The following information pertains to the next two questions. Fordlane Co . purchased inventory that cost $ 1 0 , 0 0 0 under terms

The following information pertains to the next two questions. Fordlane Co. purchased inventory that cost $10,000 under terms 2/10, n/30. The inventory was delivered under terms FOB destination. Freight costs of $500 were paid in cash. Fordlane paid for the inventory within ten days. Fordlane sold the goods on account for $13,000, freight terms FOB destination. Freight costs of $320 were paid in cash.
7. Fordlane would report net income on its income statement of
a. $2,880.
b. $2,700.
c. $2,380.
d. $3,200.

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