3,000 Sales discounts Sales revenue Cost of goods sold Financial information is presented below: Operating expenses $ 45,000 Sales returns and allowances 7,000 160,000 96,000 The amount of net sales on the income statement would be a. $153,000 b. $150,000. c. $160,000 d. $157,000 9. $ 42,000 Financial information is presented below: Operating expenses Sales returns and allowances 12,000 Sales discounts 3,000 Sales revenue 165,000 Cost of goods sold 96,000 rvo The profit margin would be a. .36. b. .18. C. .06. d. .08