Exercise 7.7 (Algo) Computing a series of trade discounts. LO 7-7 Elegant Gardens, a wholesale firm, made sales using the following list prices and trade discounts. What amount will be recorded for each sale in the sales journal? 1. List price of $24,000 and trade discounts of 25 and 15 percent 2. List price of $15,000 and trade discounts of 20 and 5 percent 3. List price of $7,500 and trade discounts of 20 and 12 percent 1. Amount of sale 2. Amount of sale 3. Amount of sale