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$[$The following information applies to the questions displayed below.$]$

Vitamix reports the following information for its year ended December $31$:

Cash sales $ $74,000$

Sales on credit $104,000$

General and administrative expenses $24,000$

Sales returns $12,400$

Cost of goods sold $83,500$

Sales discounts $3,400$

Selling expenses $38,000$

Use the above information, to compute $($a$)$ net sales and $($b$)$ gross profit.