The following information was taken from Jackson Company's accounting records for 2007: sales revenue ............................. $247,000 freight-in ................................ 15,000 purchase returns .......................... 8,000 rent expense .............................. 28,000 beginning inventory ....................... 22,000 bad debt expense .......................... 19,000 purchases ................................. 86,000 cost of goods sold ........................ ? freight-out ............................... 10,000 sales discounts ........................... 12,000 allowance for doubtful accounts ........... 18,000 purchase discounts ........................ ? income tax expense ........................ 24,000 ending inventory .......................... 17,000 Jackson Company reported a net income of $65,000 for 2007. Calculate the amount of purchase discounts reported by Jackson Company during 2007. I am struggling with this