Blossom Industries' sales budget for the first quarter of the upcoming year shows budgeted sales of $320000, $347000, and $305000 in January, February, and March, respectively. All sales are made on credit. The cash receipts budget for March shows total cash receipts equal to $306080. Blossom grants a discount to customers who pay within 10 days of the invoice. Blossom collects 60% of sales within the discount period, 20% in the month of sale but outside the discount period. 20% in the month following sale. What is the discount offered by Blossom, and what is the Accounts Receivable balance that will be reported in the March 31 pro- forma balance sheet? O2%: $69400 O 4 % : $61000 O2%; $68320 O4%: $68320