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P8-10. On the basis of the accounts listed below, calculate a. Net sales b. Cost of goods sold c. Gross profit d. Net income Accounts Payable $ 3,800 Operating Expenses 1,150 P. Juarez, Capital 12,460 Cost of Goods Sold 6,214 Inventory, December 31, 2021 1,670 Sales 13,730 Accounts Receivable 2,675 Cash 1,456 Sales Returns and Allowances 208 Physical Count of Inventory, Dec. 31, 2021 1,940 Sales Discounts 424 Calculating net sales, cost of goods sold, gross profit, and net income . (30 min) Check Figure Net Income $6,004