Using the following information, what is the amount of cost of merchandise sold? 25, 780 23, 270 31, 220 24, 020 Silver Co. sold merchandise to Bronze Co. on account, $23,000, terms 2/15, net 45. The cost of the merchandise sold is $18, 500. Silver Co. issued a credit memorandum for $2, 500 for merchandise returned that originally cost $1, 900. The Bronze Co. paid the invoice within the discount period. What is amount of net sales from the above transactions? $20, 090 $20, 500 $3, 490 $23,000