The following listing of accounts pertains to Benji's Grocery as of January 1, Year 2: Account Title Beginning Balances Cash $ 22,500 Accounts receivable 3,300 Merchandise inventory 43,000 Accounts payable 3,300 Common stock 36,000 Retained earnings 29,500 The following events occurred in Year 2. Assume that Benjis uses the periodic inventory method. Purchased land for $8,300 cash. Purchased merchandise on account for $89,000, terms 3/10, n/45. Paid freight of $650 cash on merchandise purchased FOB shi