Answer $1$

Since citron uses the gross method, the amount of sales will be equal to the list price that is $$687500.$

Answer $2$

Computation of cash collected from these sales

Cash

collected

from

these

sales

$=$

Amount

paid

in

discount

period

$$

$99$

$\%$

$+$

Amount

paid

after

discount

period

$=$

$

$482,000$

$\backslash$times

$99$

$\%$

$+$

$

$205,500$

$=$

$

$682$

$,$

$680\mathrm{.}00$