Which of the following is true of sales discounts? a. It is shown as a deduction from Sales on the income statement. Ob. It is shown on the balance sheet under short-term assets. OC. It is shown on the balance sheet under owner's equity. d. It is shown on the balance sheet under liability. Oe. It is shown as an addition to Other Income on the income statement. Which of the following statements is NOT true? a. Sales Discounts is a contra-revenue. O b. Purchase Discounts is a contra account. c. Sales Returns & Allowances has a DR normal balance. d. Freight costs are included when determining discounts