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2.Calculate net sales and gross profit from the information in the following table- Smarks ABCD $130,000 $512,000 $35,700 $245,000 4.200 16,500 400 3,500 17.000 5,000

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2.Calculate net sales and gross profit from the information in the following table- Smarks ABCD $130,000 $512,000 $35,700 $245,000 4.200 16,500 400 3,500 17.000 5,000 5,000 700 Sales Sales Discounts Sales Returns and allowances Net Sales COGS Gross Profit 76.600 326,700 21,300 125,900

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