QUESTION 15 The following selected information is taken from the books of the Marlin Company for 2011. (Note: You may not need to use all of the information below to answer these questions.) Cash 6,000 Sales returns and allowances 100 Sales discounts 400 Purchases returns and allowances 200 Sales 9,200 Inventory, 1/1/2011 5,000 Purchases 41,000 Inventory, 12/31/2011 3,000 Selling expense 11,000 Purchases discounts 100 Interest expense 200 Transportation - in 1,000 Accounts payable 13,000 Transportation - out 1,500 Net Sales for the period is: $78,700 $ 79,200 $78,800 $ 79,100 None of the above