Smith Co. sold $25268 of merchandise on account on April 3, 20x7 under the terms 2/15, n/45. The customer paid the balance of the account on April 16th. The journal entry to record the receipt of cash includes which of the following? Select one: o a. $0 impact to net income and $25268 reduction in accounts receivable b. $505 decrease to net income and $25268 reduction in accounts receivable c. $505 decrease to net income and $24763 reduction in accounts receivable d. $0 impact to net income and $24763 reduction in accounts receivable