Beginning Inventory Ending Inventory Freight-In General and Administrative Expenses Interest Revenue Interest Expense Purchase Discounts $5,800 77,700 8,100 7,200 217,700 22,600 42,300Purchases Returns and Allowances 36,400 Purchases 2,500Sales Discounts 17,300 Sales Returns and Allowances 2,000Sales 1,300 Selling Expenses 5,200 Required Compute the following 1. Net sales 2. Income from operations, given that gross profit is $127,300 Net Sales Income from Operations: Clear Undo