Total gross sales for the period include the following:

Credit card sales (discount 3%)$8,600 Sales on account (1/15, n/60)$11,000 Sales returns related to sales on account were $250. 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.

Net sales:

Total gross sales for the period include the following: Sales returns related to sales on account were $250. 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