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A company records credit sales using the net method. On April 16, the company has a $40,000 credit sale (before any discounts). Terms of the

A company records credit sales using the net method. On April 16, the company has a $40,000 credit sale (before any discounts). Terms of the sale are 4/15, n/45. The customer pays the appropriate account balance due on April 30.

How much does the company report as sales discounts relating to this sale on the current year income statement?

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