Total gross sales for the period include the following: Credit card sales (discount 48) $ 8,800 Sales on account (3/15, 1/60) $ 10,300 Sales returns related to sales on account were $300. All returns were made before payment. One-half of the remaining sales on account were paid within the discount period. The company treats all discounts and returns as contra-revenues. What amount will be reported on the income statement as net sales? (Do not round intermediate calculations. Round your answer to 2 decimal places.)