Oriole Company sells goods to Sheridan Inc. by accepting a note receivable on January $2,2025.$ The goods have a sales price of $$630,700($cost of $$500,000).$ The terms are net $30.$ If Sheridan pays within $5$ days, however, it receives a cash discount of $$10,700.$ Past history indicates that the cash discount will be taken. On January $28,2025,$ Sheridan makes payment to Oriole for the full sales price.