Wildhorse Corporation uses a periodic inventory system and the gros method of accounting for purchase discounts (a) On July 1, (1) Wildhorse purchased $69,000 of inventory, terms 2/10, n/30, FOB shipping point. (2) Wildhorse paid freight costs of $1,095 (b)On July 3, Wildhorse returned damaged goods and received credit of $6,900 (c) On July 10, Wildhorse paid for the goods. Prepare all necessary journal entries for Wildhorse.