Indicate the amount of revenue recognized, if any, from each of the following related events assuming that the accrual basis of accounting is used.

a Purchase orders are received from regular customers for \(\$ 5,000\) of merchandise. A 2

. percent discount is allowed, and generally taken, for prompt payment.

b The customers' orders are filled and shipped by way of the company's trucking division.

c The merchandise is received by customers in the correct quantities and according to specifications (except as to price; see part d).

d Invoices totaling \(\$ 5,400\) are sent to the customers. The increase in amount is due to price increases that occurred since the latest price catalog was sent to customers.

e Checks in the amount of \(\$ 5,292(=.98 \times \$ 5,400)\) are received from customers in payment of the merchandise.

f On reinspection, several days later, merchandise with a gross invoice price of \(\$ 500\) is found to be defective by customers and returned for appropriate credit.