Grouper Supply Company sold merchandise to Ace Company on account for $82,000 with credit terms of ?/10, n/30. The cost of the merchandise sold was $61,500. During the discount period, Ace Company returned $4,800 of merchandise and paid its account in full (minus the discount) by remitting $74,884 in cash. Both companies use a perpetual inventory system. Prepare the journal entries that Grouper Supply Company made to record the:

(1)		sale of merchandise.
(2)		return of merchandise.
(3)		collection on account.