2) A company had sales of $40,000, sales discounts of S800, sales returns of S1,600, and commissions owed to salespeople of $600. What is net sales? a. $37,600 b. $38,400 c. $39,200 d. $40,000 3) The statement of financial position of Y as of December 31 stated that trade accounts receivable, net of allowance for doubtful accounts of $200,000 was $1,700,000. Which of the following describes accounts receivable situation? a. The company expects collectibles to total $200,000. b. The net realizable value of the company's receivables is $1,900,000. c. The company expects to actually collect $1,700,000 of its receivables. d. The balance in accounts receivable in the company's general ledger is $1,700,000