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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	$ 92,000
Sales on credit	122,000
General and administrative expenses	33,000
Sales returns	14,200
Cost of goods sold	88,000
Sales discounts	5,200
Selling expenses	56,000

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