1. Inventory that had cost $21,600 was sold for $32,400 under terms 2/20, net/30. 2. Customers returned merchandise to Ozark five days after the purchase. The merchandise had been sold for a price of $1,092. The merchandise had cost Ozark $840 3. All customers paid their accounts within the discount period. 4. Selling and administrative expenses amounted to $3,240. 5. Interest expense paid amounted to $310 6. Land that had cost $7,100 was sold for $9,585 cash. Required a. Determine the amount of net sales. (Round your intermediate calculations and final answer to the nearest whole dollar amount. Net sales b. Prepare a multistep income statement. (Amounts to be deducted and losses should be indicated with a minus sign.) OZARK MERCHANDISERS Income Statement For the year ended December 31, 2016 0 Operating expenses Non-operating items 0