Waterway Industriesuses the perpetual inventory and the gross method. On March 1, it purchased $70000of inventory, terms2/10, n/30. On March 3,Waterwayreturned goods that cost $7000. On March 9,Waterwaypaid the supplier. On March 9,Waterwayshould credit

A) purchase discounts for $1260.

B) inventory for $1400.

C) inventory for $1260.

D) purchase discounts for $1400.