1.00 polnts Drill Problem 7-16 [LU 7-2 (1)] Complete the following by calculating the cash discount and net amount paid (If more than one discount, assume date of last discount.) Gross amount of invoice (freight Freight Terms of invoice 2/10, 1/15, n/30 Cash discount Date of payment 8/14 charge already included)chargeDate of invoice Net amount $500 None References eBook & Resources Worksheet Difficulty: 1 Easy Drill Problem 7-16 [LU 7-2 (1)] Learning Objective: 07-02 (1) List and explain typical discount periods and credit periods that a business may offer Check my work