The following transactions were selected from among those completed by Bear's Retail Store: November 20 Sold two items of merchandise to Cheryl Jahn, who paid the $310 sales price in cash. The goods cost Bear's $230. November 25 Sold 28 items of merchandise to Vasko Athletics at a selling price of $3,100 (total); terms 3/10, n/30. The goods cost Bear's $2,050. November 28 Sold 10 identical items of merchandise to Nancy's Gym at a selling price of $5,100 (total); terms 3/10, n/30. The goods cost Bear's $3,550. November 29 Nancy's Gym returned one of the items purchased on the 28th. The item was in perfect condition and credit was given to the customer on account. No further returns are expected. December 6 Nancy's Gym paid the account balance in full. December 30 Vasko Athletics paid in full for the invoice of November 25. Required: Compute the Net Sales to be reported over the two months. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Net Sales Complete the following table, indicating the amount and direction of effect of each transaction on each item in Rockland Shoe Company's income statement. Be sure to compute the total effects in the final column. Rockland allows returns within only two weeks of the initial sale. (Enter any decreases to account balances with a minus sign.) July 12 Rockland sold merchandise to Kristina Zee at its factory store. Kristina paid for the $700 purchase in cash. The goods cost Rockland $400. July 15 Sold merchandise to Shoe Express at a selling price of $7,000, with terms n/30. Rockland's cost was $3,900. July 23 Shoe Express returned $1,800 of the shoes purchased July 15. The returned shoes were in perfect condition and had cost Rockland $1,000. July 31 Shoe Express paid the balance owing after the events on July 15 and 23. Transaction July 12 July 15 July 23 July 31 Totals Sales Revenues Sales Returns and Allowances Net Sales Cost of Goods Sold Gross Profit