The following transactions are for Blossom Company. 1. On December 3, Blossom Company sold $521,000 of merchandise to Sunland Co, on account, terms 3/10, n/30. The cost of the merchandise sold was $334,400. 2. On December 8, Sunland Co. was granted an allowance of $30,700 for merchandise purchased on December 3 . 3. On December 13, Blossom Company received the balance due from Sunland Co