Sherman's Jewelry has the following transactions during the year: total jewelry sales = $660,000; sales discounts = $15,500; sales returns = $41,000; sales allowances = $21,000. In addition, at the end of the year the company estimates the following transactions associated with jewelry sales in the current year will occur next year: sales discounts = $1,550; sales returns = $4,920; sales allowances = $2,800. Compute net sales. Total sales Net sales