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Duning 2024, its first year of operations, Hollis Industries recorded sales of $10700,000 and experienced returns of $720,000. Cost of goods sold totaled $6,420,000 (60%

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Duning 2024, its first year of operations, Hollis Industries recorded sales of $10700,000 and experienced returns of $720,000. Cost of goods sold totaled $6,420,000 (60\% of sales). The company estimates that 8% of all sales will be returned. How much net fevenue will Hollis Industries report at the end of its first year of operations

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