Tony's Market recorded the following events involving a recent purchase of inventory: Received goods for $80,000, terms 2/10,n/30. Returned $1,600 of the shipment for credit. Paid $400 freight on the shipment. Paid the invoice within the discount period. As a result of there events, the company's inventory a. increased by $76,832. b. increased by $78,800. c. increased by $77,224. d. increased by $77,232. 5. Indicate which one of the following would not appear on both a single-step income statement and a multiple-step income statement. a. Gross profit b. Operating expenses c. Sales revenue d. Cost of goods sold 6. The operating expenses section of a multiple-step income statement for a merchandising company would not include a. Freight-out. b. Utilities expense. c. Cost of goods sold. d. Insurance expense