E. Compute for missing amounts (20 points) Write your final answers on the blank line provided.

1. On December 2, Alice Store purchased merchandise amounting to $20,000 on credit terms 5/10, n/25.

a. If the account is paid on December 12, how much is the cash discount? ________________

b. If the account is paid on December 12, how much is the cash payment? ________________

c. If the account is paid on December 15, how much is the cash discount? ________________

d. If the account is paid on December 15, how much is the cash payment? ________________