The following merchandise transactions occurred in December. Both companies use a perpetual inventory system. Dec. 3 Blossom Company sold merchandise to Crane Co. for $32,000, terms 2/10,n/30, FOB destination. This merchandise cost Blossom Company \$18,000. 4 The correct company paid freight charges of $700. 8 Crane Co. returned unwanted merchandise to Blossom. The returned merchandise had a sale price of $2,300 and a cost of $990. It was restored to inventory. 13 Blossom Company received the balance due from Crane Co