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 15% (average total assets is $72,000). Inventory turnover is 4 (average inventory is $5,300). Accounts receivable turnover is 7 (average accounts receivable is $6.300). Income Statement Net sales Cost of goods sold Selling, general, and administrative expense Income tax expense Net income GDL 7.400 2,400