Problem #1 Trade and Cash Discount Calculations On June 1, 2020, Eleno Buray Jr. Forest Products sold merchandise with a P120,000 list price. Trade Discount Credit Terms Date Paid d. e. a. 30% 2/10, n/30 June 8 b. 40% 1/10, n/30 June 15 2/10, n/30 June 11 20% 1/15, n/30 June 14 40% n/30 June 28 Required: For each of the sales terms, determine the following: 1. the amount recorded as a sale. 2. the amount of cash received.