Required information [The following information applies to the questions displayed below.) Vitamix reports the following information for its year ended December 31: Cash sales Sales on credit General and administrative expenses Sales returns Cost of goods sold Sales discounts Selling expenses $100,000 $130,000 $ 37,000 $ 15,000 $ 90,000 $ 6,000 $ 64,000 Use the above information, to compute (a) net sales and (b) gross profit. a. Net sales Gross profit b