You are provided with the following information for the year 2019 about Al Maha Company for four quarters. The company has 5000 shares which is valued at RO 500,000 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Sales Sales returns and allowances Sales discounts Net sales Cost of merchandise sold Gross Margin Salesmen salaries Depreciation on fixed assets Advertising expense Office supplies expense Gain on disposal of assets/Interest revenue Interest expense Net Income from operation 225,000 4,000 ? 208,750 ? 103,750 19,000 20,000 6,150 1,750 325,000 12,500 10,000 ? 195,000 ? 16,000 10,000 16,500 9,800 480,000 ? ? 2,500 15,000 1,500 435,000 246,000 ? 147,000 247,000 ? 42,500 20,000 40,000 18,000 ? 11,500 62,500 13,000 500 500 2 0 500 57850 600 ? 0 ? 82,500 36800 FOB Destination means the a. Seller pays the freight cost b. Buyer pays the freight cost c. None of them pays the freight cost d. Both pay the freight cost Under Perpetual Inventory system the amount of discount allowed for paying for merchandise purchased within the discount period is credited to a. Merchandise inventory b. Purchase allowance c. Sales Discount d. Purchase discount