Netherland Corporation has the following unadjusted balances: Accounts Receivable, $84,000 (debit), and Allowance for Sales Discounts $340 (credit). Of the receivables, $54,000 of them are within the 2% discount period, and Netherland expects buyers to take $1,080 in future-period discounts ($54,000 2%) arising from this periods sales. The adjusting entry or entries to estimate sales discounts is (are):

Multiple Choice

• Sales Discounts	1,080
  Allowance for Sales Discounts		1,080

• Sales Discounts	740
  Allowance for Sales Discounts		740

• Sales Discounts	54,000
  Sales		54,000
  Cost of Goods Sold	1,080
  Inventory Returns Estimated		1,080

• Accounts Receivable	84,000
  Sales		84,000

• Sales Discounts	1,080
  Accounts receivable		1,080