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

Inventory that had cost $$16,800$ was sold for $$28,560$ under terms $\frac{2}{20},$ net $\frac{?}{30}.$

Customers returned merchandise to Ozark five days after the purchase. The merchandise had been sold for a price of $$702.$ The merchandise had cost Ozark $$520.$

All customers paid their accounts within the discount period.

Selling and administrative expenses amounted to $$2,856.$

Interest expense paid amounted to $$230.$

Land that had cost $$6,300$ was sold for $$8,190$ cash.

Required

a$.$ Determine the amount of net sales.

b$.$ Prepare a multistep income statement.

c$.$ Where would the interest expense be shown on the statement of cash flows?

d$.$ How would the sale of the land be shown on the statement of cash flows?

Complete this question by entering your answers in the tabs below.

Req $A$

Req B

Req C and D

Determine the amount of net sales. $($Round your intermediate calculations and final answer to the nearest whole dollar amount.$)$

Net sales