8. For the month ending December 31, MidState Machinery had gross sales of $4,207,000, returns of , cost of beginning inventory $502,000, cost of purchases $1,484,000, cost of ending inventory , total operating expenses $135,900. Find the net sales and cost of goods sold.

A. net sales: $4,138,200; cost of goods sold: $1,416,000

B. net sales: $4,207,000; cost of goods sold: $1,416,000

C. net sales: $4,138,200; cost of goods sold: $2,716,300

D. net sales: $4,138,200; cost of goods sold: $135,900