Madison Leather sold merchandise for $$91,000$ cash in January. Returns that month totaled $$1,000.$ If the company's gross profit rate

is $30\%,$ Madison Leather will report monthly net sales revenue and cost of goods sold of

$$90,000$ and $$64,000.$

$$92,000$ and $$62,800.$

$$92,000$ and $$74,000.$

$$90,000$ and $$63,000.$