Assume Beta Company uses the perpetual Inventory method and engaged in the following transactions: 1) Purchased $21,000 of merchandise on account under terms 2/10. n/30. 2) Returned $2,100 (list price) of merchandise to the supplier before payment was made. 3) Paid the account payable within the discount period. 4) Sold the merchandise for $27,300 cash. The amount of gross margin from the four transactions is Multiple Choice $5,922 $8.778 $8,820 $6.300