PCM, Inc., is a direct marketer of computer hardware, software, peripherals, and electronics. In a recent annual report, the company reported that its revenue is "recognized upon receipt of the product by the customer." Required 1. Indicate whether PCM's sales terms are FOB shipping point or FOB destination. 2a. Assume PCM sold inventory on account to eCOST.com on December 28 that was to be delivered January 3. The inventory cost PCM $29,500 and the selling price was $39,000. What amounts, if any, related to this transaction would be reported on PCM's balance sheet and income statement in December? be reported on PCM's balance sheet and income statement in January? For these goods to be included in PCM's inventory on December 31, would the terms have been under FOB 2b. Assuming the same information from requirement 2a, what amounts, if any, related to this transaction would 3. Assume PCM purchased electronics on December 29 that were shipped that day and received on January 2. destination or FOB shipping point? Complete this question by entering your answers in the tabs below. Req 2A Req 1 Indicate whether PCM's sales terms are FOB shipping point or FOB destination. PCM's sales terms are under Req 2B Req 3 Req 1 Req 2A >