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The following amounts appeared on the Mendelstein Companys adjusted trial balance as of October 31, 2014 the end of its fiscal year: Debit Credit Merchandise

The following amounts appeared on the Mendelstein Companys adjusted trial balance as of October 31, 2014 the end of its fiscal year:

Debit Credit
Merchandise inventory $ 1,150
Other assets 35,000
Liabilities $ 31,340
Joe Mendelstein, capital 37,150
Joe Mendelstein, withdrawals 2,500
Interest revenue 125
Sales 91,400
Sales returns and allowances 7,000
Sales discounts 1,075
Purchases 43,000
Purchase returns and allowances 1,900
Purchase discounts 850
Transportation-in 4,800
Sales salaries expense 17,300
Rent expense, selling space 8,700
Store supplies expense 2,700
Advertising expense 8,500
Office salaries expense 21,500
Rent expense, office space 7,100
Office supplies expense 2,440
Totals $ 162,765 $ 162,765

A physical count shows that the cost of the ending inventory is $12,100.

Required
1. Calculate the companys net sales for the year.

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