6. Gross and Net Method. Ace Corporation specializes in the sale of printing machine. It had the following transactions with one of its suppliers: Purchases of machines Purchase returns and allowances Purchase discounts taken P 3,400,000 100,000 34,000 Purchases were made throughout the year on terms 2/10, n/30. All returns and allowances took place within 7 days of purchase and prior to any payment on account. How much is purchase discount lost