The collection of a $4,000 account within the 2 percent discount period will result in a: a. credit to Cash for $3,920 b. debit to Accounts Receivable for $3,920 c. debit to Sales Discounts for $80 d. credit to Accounts Receivable for $3,920 Financial information is presented below: Operating Expenses $ 45,000 Sales 150,000 Cost of Goods Sold 77,000 Gross profit would be: a. $28,000 b. $73,000 c. $105,000 Od. $122,000