he following data are taken from the financial statements of Sigmon Inc. Terms of all sales are

$2/10$

$,$

$$n

$/45$

$.$

Line Item Description

$20$

Y

$320$

Y

$220$

Y

$1$

Accounts receivable, end of year $

$705$

$,$

$000$

$$$

$640$

$,$

$000$

$$$

$575$

$,$

$000$

Sales on account

$5$

$,$

$614$

$,$

$5004$

$,$

$692$

$,$

$500$