James Company experienced the following events during its first accounting period:(1) Purchased $10,000 of inventory on account under terms 1/10 n/30.(2) Returned $2,000 of the inventory purchased in Event 1.(3) Paid the remaining balance in account payable for the inventory purchased in Event 1.Based on this information, which of the following shows how paying off the account payable (Event 3) will affect the Company's financial statements? 
Definitions:
Timely Information
Information that is available or presented at the most appropriate or beneficial time, especially in decision-making contexts.
Structured Information
Organized data that is easily searchable and programmed by information systems, typically found in databases or other formatted repositories.
IT Infrastructure
The combination of hardware, software, network components, and services essential for the creation, functioning, and administration of a corporate IT infrastructure.
IT Personnel
Professionals who work with information technology systems, including software, hardware, networks, and databases, to support organizational operations.
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