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sales revenue.$247,000 freight in.$15,000 purchase returns.$8,000 Rent expense.$28,000 beginning inventory.$28,000 bad debt expense.$19,000 purchases....
sales revenue...$247,000
freight in..............$15,000
purchase returns....$8,000
Rent expense...........$28,000
beginning inventory....$28,000
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
purchases discounts..................?
income tax expense.............$24,000
ending inventory...............$17,000
jackson company reported a net income of $65,000.
Calculate the amount of purchase discounts reported by Jackson company