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Dome Metals has credit sales of $396,000 yearly. If Dome offers a 3 percent discount for payment in 18 days, what will the average accounts receivable balance be? Assume all customers would pay on the last day of the discount period. (Use a 360-day year.) Average receivables balanceDome Metals has credit sales of $216,000 yearly with credit terms of net 45 days, which is also the average collection period. a. Assume the firm offers a 5 percent discount for payment in 15 days and every customer takes advantage of the discount. Also assume the firm uses the cash generated from its reduced receivables to reduce its bank loans which cost 9 percent. What will the net gain or loss be to the firm if this discount is offered? (Use a 360-day year.) Net change in income b. Should the firm offer the discount? Yes O No