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A company has provided the following information: . Cash sales, $590,000 Credit sales, $1,490,000 Selling and administrative expenses, $470,000 Sales returns and allowances, $104,000 .
A company has provided the following information: . Cash sales, $590,000 Credit sales, $1,490,000 Selling and administrative expenses, $470,000 Sales returns and allowances, $104,000 . Gross profit, $1,500,000 Increase in accounts receivable, $69,000 . Bad debt expense, $47,000 Sales discounts, $57,000 Net income, $1,030,000 How much is the company's cost of sales
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