Sales Discounts, Most-Likely-Amount Method. On July 1, Willette Corp. made a sale of $650,000 to Luc, Inc. on account. Terms of the sale were 2/10, n/30. Luc makes payment on July 9. Willette uses the most-likely-amount method and assumes that the customer will not take the discount when accounting for sales discounts. Ignore cost of goods sold and the reduction of inventory. a. Prepare all Willettes journal entries. b. What net sales does Willette report?