Total gross sales for the period include the following:

Credit card sales (discount 4%) $9,800

Sales on account (3/15, n/60) $10,600

Sales returns related to sales on account were $550. 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.