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Cost of goods sold $434,000 Income tax expense 67,200 Operating expenses 344,000 Sales 1,100,000 Sales discounts 24,000 Sales returns and allowances 74,000 The amount of
Cost of goods sold $434,000 Income tax expense 67,200 Operating expenses 344,000 Sales 1,100,000 Sales discounts 24,000 Sales returns and allowances 74,000 The amount of net sales on the income statement would be O $1,002,000. O $1,076,000. O $1,026,000. O $1,100,000
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