Net sales $20,640 $21,880 $21.540 Cost of goods sold 14,830 14.044 13.684 Gross Profit $5810 $7,836 $7856 4-For each of the following Sullivan Company purchases, assume that credit terms are 2/10, 1/30. In each case determine (a) the appropriate cash discount available and (b) the cash remitted if the payment is made within the discount period Type here to search 0 R E w . H G F S . B N C Net sales $20,640 $21,880 $21.540 Cost of goods sold 14,830 14.044 13.684 Gross Profit $5810 $7,836 $7856 4-For each of the following Sullivan Company purchases, assume that credit terms are 2/10, 1/30. In each case determine (a) the appropriate cash discount available and (b) the cash remitted if the payment is made within the discount period Type here to search 0 R E w . H G F S . B N C