$()$ Jacobson Company purchased inventory for $$5,000$ from Hotard Inc. After Jacobson agreed to retain merchandise with a cost of $$500$ that was defective, Hotard reduced the selling price for the damaged goods to $$250.$ Hotard will record

cost of goods sold of $$4,750$

a sales discount of $$250$

a sales return of $$500$

a sales allowance of $$250$