es TB MC Qu. 6-34 (Static) Newark Company has provided the following... Newark Company has provided the following information: -Cash sales, $450,000 Credit sales, $1,350,000 Selling and administrative expenses, $330,000 Sales returns and allowances, $90,000 Gross profit, $1,360,000 Increase in accounts receivable, $55,000 Bad debt expense, $33,000 Sales discounts, $43,000 Net income, $1,030,000 How much is Newark's cost of sales? Multiple Choice $307,000. $252.000 0