The following Data was taken from ledger account balances and supplementary data for the XX Company. Show the computation, in proper format, of net sales, cost of goods sold, and gross profit for the year ended December 31 20XX.

Merchandise inventory, beginning $20,000

Merchandise inventory, ending $23,000

Purchases $215,000

Purchases discounts $6,000

Purchases returns and allowances $3,000

Sales $400,000

Sales discounts $3,200

Sales returns and allowances $1,800

Transportation-in $10,000