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Question Content Area Grappa, Inc. reported the following information for 2017 and 2016: 2017 2016 Sales $951,200 $890,000 Sales discounts 12,000 23,000 Purchases 580,000 600,000

Question Content Area Grappa, Inc. reported the following information for 2017 and 2016:

2017 2016

Sales $951,200 $890,000

Sales discounts 12,000 23,000

Purchases 580,000 600,000

Inventory, December 31 46,000 40,000

Transportation-in 18,000 19,000

Purchase discounts 4,000 5,000

How much is net sales for 2017? What other components that Grappa did not report could be included in this computation?

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