Tiger Industries purchased $12,000 of merchandise on February 1,2012, subject to a trade discount of 10% and with credit terms of 3/15, n/60. It returned S3,000 (gross price before trade or cash discount) on February 4. The invoice was paid on February 13.REQUIRED Assuming that Tiger uses the perpetual method for recording merchandise transactions, record the purchase, return, and payment using the gross method. Assuming that Tiger uses the periodic method for recording merchandise transactions, record the purchase, return, and payment using the net method