solve question b.

Suppose Toy Universe uses the perpetual inventory system and buys $140,000 of Lincoln Logs toys on credit terms of 3/15,n/30. Some of the goods are damaged in shipment, so Toy Universe returns $12,500 of the merchandise to Lincoln Logs. How much must Toy Universe pay Lincoln Logs: a. After the discount period? b. Within the discount period? a. How much must Toy Universe pay Lincoln Logs after the discount period? Original purchase amount by Toy Universe Less: Purchase returns Amount owed by Toy Universe after purchase return and after the discount period b. How much must Toy Universe pay Lincoln Logs within the discount period? Amount owed by Toy Universe after purchase return but before discount Less: Discount amount Amount owed by Toy Universe after purchase return and after discount