HW6 4 25 points eBook Print References M6-2 (Algo) Reporting Net Sales with Sales Discounts, Credit Card Discounts, and Sales Returns LO6-1 Total gross sales for the period include the following: Credit card sales (discount 3%) Sales on account (2/15, n/60) Saved $10,000 $10, 200 Sales returns 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 returns as contra-revenues. Net sales What amount will be reported on the income statement as net sales? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Help Save & Ch

M6-2 (Algo) Reporting Net Sales with Sals Discounts, Credit Card Discounts, and Sales Returns LO6-1 Total gross sales for the period include the following: Creditcardsales(discount36)Salesonaccount(2/15,n/69)$10,000$10,200 Sales returns 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 returns as contra-revenues. What amount will be reported on the income statement as net sales? Note: Do not round intermediate calculations. Round your answer to 2 decimal places