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CarsonWentz Company (CWC) uses a perpetual inventory system, CWC entered into the following inventory transactions during February February 5 - CWC sold inventory on account

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CarsonWentz Company (CWC) uses a perpetual inventory system, CWC entered into the following inventory transactions during February February 5 - CWC sold inventory on account to SamBradford Corp. for $496,000, terms 1/10, n/30. This inventory originally cost CWC $302.000. February 10 - SamBradford Corp. returned inventory to CWC for a credit of $3,900. CWC returned this inventory back on its shelves and into its inventory at its original cost of $2,375. February 12 - SamBradford Corp. paid CWC for the amount owed. Required: a. Based on these transactions, what is the amount of net sales to be reported on CWC's income statement? Net Sales

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