Newark Company has provided the following information:

• Cash sales, $560,000
• Credit sales, $1,460,000
• Selling and administrative expenses, $440,000
• Sales returns and allowances, $101,000
• Gross profit, $1,470,000
• Increase in accounts receivable, $66,000
• Bad debt expense, $44,000
• Sales discounts, $54,000
• Net income, $1,030,000

How much are Newark's net sales?

Multiple Choice

• $2,020,000.

• $1,954,000.

• $1,865,000.

• $1,821,000.