The following amounts appeared on the Mendelstein Company's adjusted trial balance as of October 31, 2020, the end of its fiscal year: Debit Credit Merchandise inventory Other assets Liabilities Joe Mendelstein, capital Joe Mendelstein, withdrawals Interest income Sales $ 1,250 37,000 $ 33,340 37,240 2,700 135 93,400 Sales returns and allowances 7,200 Sales discounts 1,095 Purchases 43,200 Purchase returns and allowances 2,000 Purchase discounts 870 Transportation-in 4,900 Sales salaries expense 17,500 Rent expense, selling space 8,900 Store supplies expense 2,900 Advertising expense 8,700 Office salaries expense 21,700 Rent expense, office space 7,300 Office supplies expense Totals 2,640 $166,985 $166,985 A physical count shows that the cost of the ending inventory is $12,300. Required: 1. Calculate the company's net sales for the year. Not caloc $85 105