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Up-to-date Merchandisers has the following transactions for the month of July. Sales Revenue $440,000 Cost of Goods Sold 300,000 Operating Expenses 90,000 Sales Discounts 25,000

Up-to-date Merchandisers has the following transactions for the month of July. Sales Revenue $440,000 Cost of Goods Sold 300,000 Operating Expenses 90,000 Sales Discounts 25,000 Sales Returns and Allowances 18,000 Interest Revenue 7,000 Calculate Net Sales Revenue and Gross Profit.

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