E6-10 Reporting Net Sales after Sales Discounts [LO 6-4]

During the months of January and February, Solitare Corporation sold goods to three customers. The sequence of events was as follows:

Jan.		6		Sold goods for $180 to Wizard Inc. with terms 2/30, n/60. The goods cost Solitare $74.
		6		Sold goods to Spyder Corp. for $92 with terms 1/10, n/30. The goods cost Solitare $64.
		14		Collected cash for the amount due from Wizard Inc.
Feb.		28		Collected cash for the amount due from Spyder Corp.

Required:

Compute the total revenue Solitare would report over the two months.