ezto.mheducation.com Learning Activity 3 x M Question 5 - Week 3 - Learning Activity 3 - C.. G Grammarly k 3 - Learning Activity 3 i Saved 4 Cash $14,000 5 Accounts receivable 27,000 6 Merchandise inventory 15,000 7 Prepaid insurance 2,500 8 Store equipment 15,000 9 Accumulated depreciation - Store equipment $3,000 10 Office equipment 25,000 11 Accumulated depreciation - Office equipment 5,000 12 Accounts payable 9,000 13 Notes payable - long term 25,000 14 Common stock 26,000 15 Dividends 3,000 16 Sales 90,000 17 Sales discounts 1,800 18 Sales returns and allowances 2,200 19 Cost of goods sold 35,000 20 Selling expenses 11,000 21 General and administrative expenses 6,000 22 Interest expense 500 23 Totals $158,000 $158,000 24 Which formula correctly calculates net sales? Multiple Choice -+C16-SUM(B17:B22)