Following Is an incomplete current-year Income statement. Determine Net Sales, Cost of goods sold and Net Income. Additional Information follows: . Return on total assets Is 16% (average total assets is $59,375). . Inventory turnover is 5 (average Inventory Is $7.300) . Accounts receivable turnover Is 8 (average accounts receivable is $7.200). Income Statement Net sales Cost of goods sold Selling, general, and administrative expenses 8.300 Income tax expense 3,300 Net income