A seller offers a discount to a buyer of 1/15,n/30. Which of the following statements regarding the discount is correct? Multiple Choice From the perspective of the buyer, the purchase discount will increase the amount of Inventory reported on the balance sheet. From the perspective of the sellec, the discount will increase the amount of Cost of Goods Sold reported on the income Statement. The seller is offering the sales discounts to compensate customers for unsatisfactory merchandise. From the perspective of the sellet, the discount will decrease the amount of Sales Revenue reported on the income Statement