4-Financial information is presented below:

Operating expenses	$ 41000
Sales returns and allowances	5000
Sales discounts	9000
Sales revenue	162000
Cost of goods sold	93000

5-The amount of net sales on the income statement would be

$157000.

$153000.

$148000.

$162000.

Financial information is presented below:

Operating expenses	$ 50000
Sales returns and allowances	4000
Sales discounts	7000
Sales revenue	160000
Cost of goods sold	94000

Gross Profit would be

$55000.

$70000.

$66000.

$62000.