A company reported the following data for the year ending 2018 Description Amount Sales Sales discount Sales returns and allowances Cost of goods sold Operating expense Income tax expense $400,000 $16,000 $13,000 S117,000 $153,000 S23,750 Compute the amount of net sales to be reported on the income statement. a. $384,000 b. $371,000 c. $397,000 d. $387,000