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E7.N (L0 2) (Purchases Recorded, Gross Method) Cruise tnduttries purchanedsiogiod of merctandise on February 1, 2025, subject to a trade discount of 10 is and with credit terms of 3/15, n/60. It returned $2,500 (gross price before tride or eash discount) on Febraary 4. The invoice was paid on February 13. Instructions a. Assuming that Cruise uses the perpetual method for recorting merchandise transactions, record the purchase, return, and puyment using the gross method. b. Assuming that Cruise uses the periodic method for recording merchandise transactions, record the purchase, return, and payment using the gross method. c. At what amount would the purchase on February t be recorded if the net method were used? Fong Saj-Yuk Compamy sells one product