Question 29 Use the following financial information to answer the question below: Operating Expenses $ 45,000 Sales Retums and Allowances 13,000 Sales Discounts 6,000 Sales Revenue 160,000 Cost of Goods Sold 77,000 The amount of net sales on the income statement is $ 166,000. $141,000. $154,000. $160,000. Question 29 Use the following financial information to answer the question below: Operating Expenses $ 45,000 Sales Retums and Allowances 13,000 Sales Discounts 6,000 Sales Revenue 160,000 Cost of Goods Sold 77,000 The amount of net sales on the income statement is $ 166,000. $141,000. $154,000. $160,000