Consider the following information about operations of a business for the period ending December 31, 2021. Account Title Cost of Goods Sold General and Administrative Expenses Selling Expenses Amount Net Income/(Loss) for the period is $235,500 Sales Account Title 70,000 Sales Discounts 65,000 Sales Returns and Allowances Amount $450,000 3,000 3,500 $143,000 $73,000 $138,000 $70,000