The adjusted account balances of Johanna Ltd., at December 31, 2017, are as follows (10 Marks): Accounts receivable. 6,000 Bank overdraft........ $ 2,300 Notes receivable 6,000 Accounts payable. 11,000 Inventory... 17,600 Notes payable....... 56,800 Equipment... 74,000 Accumulated depreciation- Depreciation expense. 22,900 equipment........... 9,200 J. Johanna, drawings 16,000 Sales......... 62,500 Maintenance expense. 2,200 Rent revenue 10,000 Sales discounts...... 3,300 J. Johanna, capital.. 18,000 Cost of goods sold. 20,000 Sales returns and allowances.. 1.800 1 $169,800 $169,800 Instructions a) Compute the Net Sales for the above income statement for the year ended December 31, 2017