Newark Company has provided the following information:

• Cash sales, $580,000
• Credit sales, $1,480,000
• Selling and administrative expenses, $460,000
• Sales returns and allowances, $103,000
• Gross profit, $1,490,000
• Increase in accounts receivable, $68,000
• Bad debt expense, $46,000
• Sales discounts, $56,000
• Net income, $1,030,000

How much are Newark's net sales?

Multiple Choice

• $2,060,000.

• $1,901,000.

• $1,992,000.

• $1,855,000.