E6-12 (Static) Reporting Net Sales after Sales Discounts and Sales Returns (LO 6-4] The following transactions were selected from among those completed by Bear's Retail Store: November 20 Sold two items of merchandise to Cheryl Jahn, who paid the $400 sales price in cash. The goods cost Bear's $300. November 25 Sold 20 items of merchandise to Vasko Athletics at a selling price of $4,000 (total); terms 3/10, n/30. The goods cost Bear's $2,500. November 28 Sold 10 identical items of merchandise to Nancy's Gym at a selling price of $6,000 (total); terms 3/10, n/30. The goods cost Bear's $4,000. November 29 Nancy's Gym returned one of the items purchased on the 28th. The item was in perfect condition and credit was given to the customer on account. No further returns are expected. December 6 Nancy's Gym paid the account balance in full. December 30 Vasko Athletics paid in full for the invoice of November 25. Required: Compute the Net Sales to be reported over the two months. Net Sales Supply the missing dollar amounts for the income statement of Williamson Company for each of the following independent cases: Case C Case A Case B $ 8,000 $ 6,000 150 Sales Revenues, gross Sales Returns and Allowances Net Sales Cost of Goods Sold Gross Profit 275 5,920 5,400 5,750 4,050 1,450