=> Kelly's Jewelry has the following transactions during the year: total jewelry sales $750,000; sales discounts $20,000; sales returns $50,000; sales allowances = $30,000. In addition, at the end of the year the company estimates the following transactions associated with jewelry sales in the current year will occur next year: sales discounts $2,000; sales returns $6,000; sales allowances $4,000. Compute net sales. = Total sales Net sales