abled: Examination $2$ i

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Inventory costing $$3,000$ is sold for $$4,000$ with terms $\frac{2}{10},\frac{n}{30}.$ If the buyer pays within the discount period, what amount will be reported on the income statement as net sales?

Multiple Choice

$$3,920$

$$4,000$

$$1,000$

$$3,200$