The earnings of Marine Supply, Inc., are decreasing. To improve profits, the company considers using trade discounts offered by vendors. Marine Supply's annual purchases from Boat Gear, Inc., equal $475,000, and its annual purchases from Boat King, Inc., equal $523,000. Copies of recent sales orders from each of the above vendor is enclosed, indicating the usual terms offered for the purchases . Calculate the following items (assume a 360-day year).