Problem #5 Renz Aguhob Fireworks engaged in the following purchase transactions during the month. The entity observes the policy that all returns are made one day after the goods are received, and that all purchases are paid within the discount period. List Price FOB Terms Freight Charges Purchase Returns and Credit Terms Trade Discount Allowances P 224,000 Shipping Pt. P 4,000 P 21,000 2/10, n/30 30% 126,000 Destination 9,000 1/10, n/30 20% 90,000 Shipping Pt. 2,000 7,000 2/10, n/30 41,000 Shipping Pt. 1,000 9,000 n/30 25% 357,000 Destination 14,000 24,000 3/10, n/30 20% Required: Using the table above, calculate the amount needed to settle each purchase.