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King Company sold $50,000 of goods to a customer on February 1, 2011 with repayment terms of 2/10, n/30. On February 7, 2011, the customer

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King Company sold $50,000 of goods to a customer on February 1, 2011 with repayment terms of 2/10, n/30. On February 7, 2011, the customer pays $26,754 to King Company, and the remaining balance is paid on February 28. King Company uses the gross method to account for sales discounts. What is the dollar amount of the sales discounts not taken advantage of by the customer? How would King Company classify this revenue? O a. $454, Sales Revenue b. $454, Interest Revenue O c. $546, Interest Revenue o d. $546, Sales Revenue e. None of the above is correct

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