Question 11 (5 points) XYZ Company shows the following balances. Calculate Net Sales. Sales Sales Returns and Allowances Sales Discounts Cost of Goods Sold Operating Expenses $1,200,000 175,000 25,000 600,000 100,000 a) $1,200,000 b) $1,175,000 c) $1,025,000 d) $1,000,000 Question 12 (5 points) XYZ Company shows the following balances. Calculate Gross Profit. Sales Sales Returns and Allowances Sales Discounts Cost of Goods Sold Operating Expenses $1,200,000 175,000 25,000 600,000 100,000 a) $600,000 b) $500,000 c) $400,000 d) $300,000