Question 2 3 pts A furniture retailer sells goods to a customer for 80,000 on 1 January 2020 Delivery will take place immediately and the company has given the customer an interest-free credit period of 36 months. Discount rate is 6%. How much revenue is recognized for the year-end 31 Dec 2020. O 67,169 O 71,200 80,000 0 75,472 Question 3 3 pts A company has a gross profit ratio of 40%. The trade receivables collection period for the company has been calculated at 53 days. If the actual gross profit earned was 480,000, what were the trade receivables? O 174,247 O 116,164 O 69,698 O 104,548