E6-1 (Algo) Reporting Net Sales with Credit Soles and Soles Discounts LO6-1 Dubing the months of January and February, Hancock Corporation sold goods to three customers. The sequence of events was as follows: \begin{tabular}{ll} January 6 & Sold goods for $700 to 5 . Green and billed that amount subject to terms 2/10,n/30. \\ January 6 & Sold goods to M. Munoz for $660 and billed that amount subject to terms 2/10,n/30. \\ January 14 & Collected cash due from 5 . Green. \\ February 2 & Collected cash due from M. Munoz. \\ February 28 & Sold goods for $430 to R. Reynolds and billed that amount subject to terms 2/10,n/45. \end{tabular} Required: Assuming that Sales Discounts is treated as a contra-revenue, compute net sales for the two months ended February 28