The following information was drawn from the Year 1 accounting records of Ozark Merchandisers: 1. Inventory...

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The following information was drawn from the Year 1 accounting records of Ozark Merchandisers: 1. Inventory that had cost $17,400 was sold for $31,320 under terms 2/20, net/30. 2. Customers returned merchandise to Ozark five days after the purchase. The merchandise had been sold for a price of $784. The merchandise had cost Ozark $560. 3. All customers paid their accounts within the discount period. 4. Selling and administrative expenses amounted to $3,132. 5. Interest expense paid amounted to $240. 6. Land that had cost $6,400 was sold for $8,640 cash. Required a. Determine the amount of net sales. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Net sales The following information was drawn from the Year 1 accounting records of Ozark Merchandisers: 1. Inventory that had cost $17,400 was sold for $31,320 under terms 2/20, net/30. 2. Customers returned merchandise to Ozark five days after the purchase. The merchandise had been sold for a price of $784. The merchandise had cost Ozark $560. 3. All customers paid their accounts within the discount period. 4. Selling and administrative expenses amounted to $3,132. 5. Interest expense paid amounted to $240. 6. Land that had cost $6,400 was sold for $8,640 cash. Required a. Determine the amount of net sales. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Net sales