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1. Newark Company has provided the following information: Cash sales, S450,000 Credit sales. $1,350,000 Selling, general and administrative expenses, $330,000 Sales returns. $90,000 Sales discounts,

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1. Newark Company has provided the following information: Cash sales, S450,000 Credit sales. $1,350,000 Selling, general and administrative expenses, $330,000 Sales returns. $90,000 Sales discounts, $43,000 Credit card discounts. $15,000 A) Calculate Newark's net sales: B) Calculate Newark's net income

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