Exercise 4-11 Computing net sales for multiple-step income statement LO P4

A company reports the following sales-related information.

Sales, gross	$	245,000		Sales returns and allowances	$	20,000
Sales discounts		4,900		Sales salaries expense		10,900

Prepare the net sales portion only of this companys multiple-step income statement.

Multiple- Step Income Statement (partial)

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Net Sales_________________________ _______________ ______________