- Question 42 (1 point) The collection of a $2,000 account within the 2 percent discount period will result in a . O O credit to Accounts Receivable for $1,960. . O credit to Cash for $1.960. 10 11 O debit to Accounts Receivable for $1.960. 14 15 debit to Sales Discounts for $40. 16 17 18 19 20 21 Question 43 (1 point) Use the following information to answer the question: Cost of goods sold $434,000 Income tax expense 67.200 Operating expenses 344,000 Sales 1.100.000 Sales discounts 24.000 Sales returns and allowances 74.000 22 23 25 20 27 The gross profit margin would be 20 217 30 56.7% 43.3% 31 32 3 39.5% 15 36 34.3