LBJ Company recorded the following events involving a recent purchase of merchandise.
- Received goods for $75,000, terms 2/10, n/30
- Returned $2,500 of the shipment for credit due to damaged goods
- Paid $1,200 for freight in
- Paid the invoice within the discount period
As a result of these events, the company's merchandise inventory
- increased by $72,250.
- increased by $72,176.
- increased by $75,876.
- increased by $73,700.