The following is financial information of Amanda Co for the year ending 31 July 2022:

• Total sales: $50 000

• Sales returns: $3000

• Sales commissions: $1000

• Inventory on 1 August 2021: $9 000,

• Purchases: $21 000,

• Purchases returns: $ 2000

• Inventory on31 July 2022: 11 000

• Administration and wage expenses: $4000

  Required:

  Based on the above information calculate the following for the year ending 31st July 2022:

1. a) Net sales

2. b) Net purchases

3. c) Cost of goods available (to sell)

4. d) Cost of goods sold

5. e) Net profit before tax

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