The following transactions occured during 2014 for Global Filter Corp. which uses a perpetual inventory system : (a) March 1: Global Filter Corp.'s merchandise that cost $3,360 was sold to XYZ Corporation for $4,200 under credit terms of 2/10, n/30, FOB shipping point. (b) March 1: Global Filter Corp. purchased merchandise on credit from Star Inc., terms n/60, $8,800, FOB destination. (c) March 4: Global Filter Corp.'s merchandise that cost $6,960 was sold to Oppong Corporation for $8,700 under credit terms of 2/10, n/60, FOB shipping point. (d) March 4: Global Filter Corp. purchased merchandise on credit from Southgate Inc., terms n/60, $9,600, FOB shipping point. (e) March 5: Paid $400 shipping charges related to the March 4 purchase of merchandise. (f) March 6: Oppong Corporation requested a price reduction on the March 4 sale because the merchandise did not meet specifications. Sent Oppong Corporation a credit memorandum for $1,600 to resolve the issue. (g) March 11: Global Filter Corp. purchased merchandise from Stake Technology Inc. for $4,200 cash, FOB destination. (h) March 11: Received the balance due from XYZ Corporation for the sale dated March 1. (i) March 13: Received a credit memorandum in the amount of $700 acknowledging the return of merchandise purchased from Southgate Inc. on March 4. (j) March 14: Received Oppong Corporation's payment of the amount due from the March 4 sale. (k) April 30: Paid the amount due to Star Inc. for the March 1 purchase. (l) May 3: Paid the balance due to Southgate Inc. a) Calculate the net sales for Global Filter Corp. during 2014:

Net Sales:

b) Calculate the cost of goods sold for Global Filter Corp. during 2014: