Help Save & E Swed Chapter 6 Assigned Homework Che 5 M6-9 Reporting Net Sales and Gross Profit with Sales Discounts [LO 6-4) 625 points Merchandise costing $2,500 is sold for $3,500 on terms 1/30, 1/60. If the customer pays within the discount period, what amount will be reported on the income statement as net sales and as gross profit? eBook Net Sales Gross Profit References