Use the following figures to compute a Profit & Loss Statement to answer the questions below

Customer Returns	9%
Gross Sales	$516,000
Opening Inventory	$220,000
Salaries (selling/buyers)	$49,700
Promotions (departmental)	$20,600
Purchases	$249,000
Cash Discounts	1.5%
Rent	$51,000
Closing Inventory	$210,000
Maintenance (store)	$10,800
Workroom Costs	$7,100
Freight Costs	$5,000
Insurance (store)	$18,500
Buyers Travel	$8,100
Return To Vendor	1%
Advertising (departmental)	$39,500

Determine Net sales:

Group of answer choices

$516,000

$296,000

$493,590

$469,560

$562,440