Exercise 4-17 (Algo) Computing net sales for multiple-step income statement LO P4 A company reports the following sales-related information. Sales, gross Sales discounts $270,000 Sales returns and allowances 5,400 Sales salaries expense $17,000 11,400 Prepare the net sales portion only of this company's multiple-step income statement.

Exercise 4-17 (Algo) Computing net sales for multiple-step income statement LO P4 A company reports the following sales-related information. Sales,grossSalesdiscounts$270,0005,400SalesreturnsandallowancesSalessalariesexpense$17,00011,400 Prepare the net sales portion only of this company's multiple-step income statement