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Total gross sales for the period include the following: Sales retums related to sales on account were $250. All returns were made before payment One-half of the remaining sales on account were paid within the discount period. The company treats all discounts and refurns as contra-revenues. What amount will be reported on the income statement as net sales? Note: Do not round intermediate calculations. Round your onswer to 2 decimal places. The following transactions were selected from among those completed by Bennett Retailers in November and December: Novenber 20 Sold 20 items of fierchandise to Custoner 8 at an invoice price of $5,809( total); terms 2/10, n/30. Noveaber 25 sold two itens of merchandise to customer c, who charged the $600 (total) sales price on hier visa credit card. Visa. charges bennett Retailers a 2 percent credit card fee. Novenber 28 Sold 18 identical items of merchandise to customer D at an invoice peice of $9,500 (total); terms 2/10, n/39. liovember 29 Customer D retuened one of the itens purchased on the 2.th; the item was defective and credit was given to the Deceeber 6 custoret. December 6 Customer D paid the account balance in full. December 20 Custoner Bipoid in full for the invoice of November 20 . Required: Assume that Sales Retums and Allowances, Sales Discounts, and Credit Card Discounts are treated as contra-revenues, compute net sales for the two months ended December 31 Note: Do not round your intermediate calculations. Round your answer to the nearest whole dollar amount. July 12 Sold merchandise to customer at factory store who charged the $300 purchase on her Anerican Express card. American Express charges a 1 percent credit card fee. Cost of goods sold was $175. 3uly 15 Sold merchandise to Customer T at an invoice price of $5,600; terms 2/10,n/30. Cost of goods 501d was $2,808. July 20 collected cash due from Customer T. July 21 Before paying for the order, a customer returned shoes with an invoice price of $1,200; cost of goods sold was $720. Complete the following table by entering the amounts of the effects of each transaction, including the related cost Note: Indicate decreases with a minus sign