LA Blitzen Inc. purchased a tow truck with a list price of $80,000 for cash on November 4, 2020. The salesman granted a 15% reduction in the list price and granted an additional 296 cash discount on the NET price if payment was made in 30 days. PST was 55,600 and Blitzen paid an extra $1,000 to have a GPS unit installed in the truck (Ignore GST for this question) Required (5 marks) 1) Prepare the journal entry to record the purchase of the truck show computations), Type your answer and submit