Kellys Jewelry has the following transactions during the year: total jewelry sales = $690,000; sales discounts = $17,000; sales returns = $44,000; sales allowances = $24,000. 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 = $1,700; sales returns = $5,280; sales allowances = $3,200. Compute net sales.

Total sales $ 690,000 Less: Sales discounts Less: Sales returns Less: Sales allowances Net sales