Each of the following situations involves the use of ciscounts: 1. How much discount may CROFT inc, take in each of the following transactions? What was the annuaized interest rate? Round your answers to the nearest whole rumber. When calculating the annualized fate use 360 days. a. KABAT durchased office supplies costing $200 and pald within the discount period with a check for s196. Round your answer to the nesrest nhole number. b. KABAT Durchaced merchandise for $3,000, It paid within the discount petiod with a check for $7,880. Fhound your answer to one decimal place