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QUESTION

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

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