During 2023, MSFT Corp earned gross revenue of $500,000 all sold on credit. Sales returns were $40,000. Due to the low rate of historical returns, MSFT does not reserve for estimated returns. Subsequent to the returns, customers paid the remaining receivables taking the available sales discounts of 1%. Uncollectible Accounts expense of $5,000 was also recorded during the period. What is the total dollar amount of net sales revenue reported on the Income Statement for 2023? O $495,000 0 $450,00 O $455,000 O $455,400

During 2023, MSFT Corp earned gross revenue of $500,000 all sold on credit, Sales returns were $40,000. Dueito the low rate of historical returns, MSFT does not reserve for estimated returns. Subsequent to the returns, customers paid the remaining receivables taking the available sales discounts of 1%. Uncollectible Accounts expense of $5,000 was also recorded durino th