E6-1 (Algo) Reporting Net Sales with Credit Sales and Sales Discounts LO6-1 During the months of January and February, Hancock Corporation sold goods to three customers. The sequence of follows: January 6 sold goods for $700 to s. Green and billed that amount subject to terms 2/10,n/30. January 6 sold goods to M. Munoz for $550 and billed that amount nubject to terms 2/10,n/30. January 14 collected cash due from s. Green. Fobruary 2 collected cash due from M. Munoz, rebruary 28 sold goodo for $390 to R. Reynolds and bl11ed that amount subject to ferme 2/10,n/45. Required: Assuming that Sales Discounts is treated as a contra-revenue, compute net sales for the two months ended February