Credit card sales (discount 2%)	$	9,000
Sales on account (2/15, n/60)	$	11,500

Sales returns related to sales on account were $500. All returns were made before payment. One-half of the remaining sales on account were paid within the discount period. The company treats all discounts and returns as contra-revenues.

What amount will be reported on the income statement as net sales?

Total gross sales for the period include the following: Credit card sales (discount 2%) Sales on account (2/15, n/60) $ 9,000 $ 11,500 Sales returns related to sales on account were $500. All returns were made before payment. One-half of the remaining sales on account were paid within the discount period. The company treats all discounts and returns as contra-revenues. What amount will be reported on the income statement as net sales? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Net sales