M6-2 (Algo) Reporting Net Sales with Sales Discounts, Credit Card Discounts, and Sales Returns LO6-1 Total gross sales for the perlod Include the following: Sales returns related to sales on account were $650. All returns were made before payment. One-half of the remalnIng sales on account were pald within the discount perlod. 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 Intermedlate calculations. Round your answer to 2 decimal places