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Sheridan's Market recorded the following events involving a recent purchase of merchandise:
Received goods for $34000, terms 2/10, n/30.
Returned $700 of the shipment for credit.
Paid $100 freight on the shipment.
Paid the invoice within the discount period.
Problem 1: As a result of these events, the company's inventory
Option 1: increased by $32634.
Option 2: increased by $32730.
Option 3: increased by $32734.
Option 4: increased by $33400.
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