Question $10(9$ points$)$

Ritter Industries started the year with inventories of $$350,100.$ It had sales of $$650,550$ during the year. The cost of goods sold amounted to $$520,450.$ It ended the year with inventories of $$397,000.$ Ritter's suppliers have extended credit terms of $\frac{2}{10},$ net $30.$ What is the value of these purchase discounts to Ritter if it takes advantage of the credit terms?

$$10,409$

$$11,347$

$$938$

$$13,011$