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How do work this problem out? ABC Company had the following financial statement information for 2019: purchases . allowance for doubtful accounts 68,000 32,000 40,000

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ABC Company had the following financial statement information for 2019: purchases . allowance for doubtful accounts 68,000 32,000 40,000 . . . 19,000 14,000 17,000 purchase returns .. . 4,000 7,000 28,000 bad debt expense . For 2019, ABC Company reported an inventory turnover ratio of 1.8 and a gross profit of $114,000 Calculate the amount of purchase discounts reported by ABC Company in 2019. Do not use decimals in your

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