Question 6 (of 22) 6. value: 0.25 points M6-8 Reporting Net Sales and Gross Profit with Sales Discounts [LO 6-4) Merchandise costing $1,800 is sold for $2,800 on terms 2/10, n/30 If the buyer pays within the discount period, what amount will be reported on the income statement as net sales and as gross profit? Net Sales Gross Profit References eBook & Resources Worksheet