Johnson Distributors, a wholesale firm, made sales using the following list prices and trade discounts. Required: What amount should be recorded for each sale? 1. List price of $7.000 and trade discounts of 35 percent and 10 percent. 2. List price of $5,800 and trade discounts of 15 percent and 10 percent 3. List price of $14,200 and trade discounts of 20 percent and 5 percent. Amount to be recorded 2 3