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The Tanner Company has provided the following information after year-end adjustments: Allowance for doubtful accounts increased $26,600. Accounts receivable increased $485,000 during the year. Accounts

The Tanner Company has provided the following information after year-end adjustments:

  • Allowance for doubtful accounts increased $26,600.
  • Accounts receivable increased $485,000 during the year.
  • Accounts written off as uncollectible totaled $29,500.
  • Sales totaled $2,690,000.
  • Sales discounts were $119,000.

What was the amount of Tanners net sales?

Multiple Choice

  • $2,056,500.

  • $2,571,000.

  • $2,541,500.

  • $2,600,500.

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