The following information is available at year end:

Net Sales	$200	Cost of Goods Sold	??
Gross Profit	??	Ending Inventory	65
Ending Retained Earnings	250	Purchases (gross)	120
Dividends	8	Purchase Discounts	??
Beginning Retained Earnings	210	Net Purchases	??
Net Income	??	Beginning Inventory	30
Operating Expenses	71

Cost of goods sold and purchase discounts must be what amounts?

- Cost of Goods Sold: $81

Purchase Discounts: $4

- Cost of Goods Sold: $97

Purchase Discounts: $12

- Cost of Goods Sold: $81

Purchase Discounts: $74

- Cost of Goods Sold: $97

Purchase Discounts: $58

- Cost of Goods Sold: $81

Purchase Discounts: $12

AAA Co. sold merchandise to Health Co. on account, $18,000, terms 2/15, net 45. The cost of the merchandise sold is $15,500. AAA Co. issued a credit memo for $1,750 for merchandise returned that originally cost $1,400. The Health Co. paid the invoice within the discount period. What is amount of net sales from the above transactions for AAA Co.?

Group of answer choices

$16,250

$14,100

$15,890

$13,818

$16,240