A. On June 1, 2017, Ray Company sold merchandise with a list price of 5,000,000 to a customer. The entity allowed trade discounts of 15%, and 10%. Credit terms were 2/10, n/30 and the sale was made FOB shipping point. The entity prepaid 100,000 of delivery cost for the customer as an accommodation. 1. Compute the total amount of purchases to be included on the buyer's inventory in the determination of cost of goods available for sale if payment was made beyond the discount period. 2. What is the full amount received by the Ray company if payment was made on June 11, 2017?