Antique Jewelry reported the following amounts at the end of the year: Total jewelry sales = $750,000 Sales returns = $50,000 Sales allowances = $30,000 Sales discounts = $20,000

In addition, at the end of the year, the company estimates the following transactions associated with this years sales will occur next year: Sales returns: $5,000; Sales allowances: $2,000; Sales discounts: $2,000. How much is net revenues? Show your calculations. (1/2 point)