2. Thompson Company purchased merchandise on account from Downing Company for $42,000, terms 2/10,n/30. If Thompson pays the invoice within the discount period, what is the amount of cash required for the payment? 3. Journalize entries for the following related transactions of Lilly Heating \& Air Company using the net method under a perpetual inventory system. a. Purchased $36,000 of merchandise from Schell Co. on account, terms 1/10,n/30. b. Paid the amount owed on the invoice. c. Discovered that merchandise with an invoice amount of $9,000 purchased in (a) was defective and returned items, recelving credit