Vitamix reports the following information for its year ended December 31: cash sales of $60,000; sales on

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Vitamix reports the following information for its year ended December 31: cash sales of $60,000; sales on credit of $90,000; general and administrative expenses of $17,000; sales returns of $11,000; cost of goods sold of $80,000; sales discounts of $2,000; and selling expenses of $24,000. Compute 

(a) Net sales and

(b) Gross profit.

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