Financial information is presented below: Operating Expenses Sales Returns and Allowances Sales Discounts $ 90,000 25,000 15,000 Sales 400,000 Cost of Goods Sold 212,400 Compute gross profit. Do IT Financial information is presented below: Operating Expenses Sales Returns and Allowances Sales Discounts Sales Revenue Cost of Goods Sold $ 92,800 18,000 12,000 350,000 176,000 Compute the amount of net sales on the income statement. Do IT