Herald Company had sales of $154,000, sales discounts of $3,900 and sales returns of $5,100. Herald Company's net sales equals: Multiple Choice $154,000 O $9,000 $163,000 $145,000 $150,100 Alpha Company had cash sales of $95,475, credit sales of $84,650, sales returns and allowances of $2,900, and sales discounts of $4,075. Alpha's net sales for this period equal: Multiple Choice $176,050 O $95,475 $177.225 5173,150 $180125 Given the following items and costs as of the balance sheet date, determine the value of Light Company's merchandise inventory. - $2,550 goods sold by Light to another company. The goods are in transit and shipping terms are FOB shipping point. - $3,550 goods sold by another company to Light. The goods are in transit and shipping terms are FOB shipping point. - $4,550 owned by Light but in the possession of another company, the consignee. - Damaged goods owned by Light that originally cost $5,550 but now have an $1,350 net realizable value. Multiple Choice O $8,450 O $8,100 $10,100 O $11,450 $9.450