On the basis of the accounts provided below, calculate a. Net sales b. Cost of goods sold (after adjustment) c. Gross profit d. Net income View the account information.LOADING... Question content area bottom Part 1 a. Net sales = Help me solve thisCalculatorAsk my instructor pop-up content starts Account Information Accounts Payable $5,000 Operating Expenses 2,200 T. Abebe, Capital 19,400 Cost of Goods Sold 4,500 Ending Inventory, December 31, 2021 1,250 Sales 11,000 Accounts Receivable 1,489 Cash 756 Sales Returns and Allowances 275 Physical Count of Inventory December 31, 2021 1,200 Sales Discount 394