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Merchandise costhg $1.600 Is sold for $2.600 on terms 2/30, n/60. If the customer pays within the discount period, what amount will be reported on

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Merchandise costhg $1.600 Is sold for $2.600 on terms 2/30, n/60. If the customer pays within the discount period, what amount will be reported on the income statement as net sales and as gross profit? Net Sales Gross Proft Relerence O Type here to veardh 2 3 456 7 8 9 l 0 COELK 1JE I pause

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