Kelly's Jewelry has the following transactions during the year total jewelry sales = $650,000; sales discounts = $15,000; sales returns-$40,000; sales allowances = $20,000. 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 = $1,500; sales returns = $4,800; sales allowances = $2,670. Compute net sales. Total sales Net sales