The following account balances appeared on the companys trial balance at year-end:

Sales Returns and Allowances	$ 630
Accounts Receivable	10,300
Sales Discounts	1,350
Sales Revenue	70,200
Selling, General, and Administrative Expenses	950

The amount of net sales reported on the income statement would be which amount?:

$68,220.

$67,270.

$70,200.

$78,500.