A. What is the amount of Net Sales?

B. What is the amount of Sales?

C. What is the amount if gross proffit?

417,500 Sales (net of $8,000 sales discounts and $24,500 sales returns and allowances) Cost of goods sold Salaries expense Depreciation expense Advertising expense Office supplies expense Gain on sale of land Interest Income Inventory Accounts Receivable 210,000 38,000 40,000 12,300 3,500 14,000 2,300 100,000 50,000 Additional information: Beginning Inventory $125,000 Beginning Account Receivable $75,000