Total gross sales for the period include the following:

Credit card sales (discount 3%)	$9,400
Sales on account (2/15, n/60)	$12,000

Sales returns related to sales on account were $650. 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?

Note: Do not round intermediate calculations. Round your answer to 2 decimal places.