Recording Transactions: Sales and Purchases

Section A A retailer sells goods for $1,440, which includes sales tax at a rate of 20%. The retailer also purchased goods for resale for $800 exclusive of sales tax. What is the net amount payable to the tax authorities? (Enter the number only)

Section A A company purchases goods with a list price of $10,000. The supplier offers a 5% trade discount and a 2% early settlement discount if payment is made within 10 days. The company intends to take the settlement discount. At what amount should the purchases be initially recorded?