During $2024,$ its first year of operations, Hollis Industries recorded sales of $$11,600,000$ and experienced returns of $$710,000.$ Cost of

goods sold totaled $$7,540,000(65\%$ of sales$).$ The company estimates that $7\%$ of all sales will be returned. How much net revenue will

Hollis Industries report at the end of its first year of operations?

Answer is complete but not entirely correct.