On January 15, Concord Corporation sells merchandise on account to Concord Associates for $7400 with terms 2/10, n/30. On January 20, Concord returns merchandise worth $1200 to Concord. On January 24, payment is received from Concord for the balance due. What is the amount of cash received? $5000 $6200 O $6076 $6052 Ivanhoe Company purchases a new delivery van for $71000. The sales taxes are $5750. The logo of the company is painted on the side of the van for $1400. The van's annual license is $160. The van undergoes safety testing for $300. What does Ivanhoe record as the cost of the new van? $78200. $78450. $76750. $78610