Using the following information, what is the amount of net purchases? Purchases Returns & Allowances $ 400 Inventory, 10/1/2020 $5,300 Selling expenses $ 900 Purchases Discounts $1,100 Freight In $ 950 Inventory, 10/31/2020 $6,300 Sales Revenue $64,000 Purchases $31,000 A) $30,450 B $29,500 $34,800 $35.750

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