Question: Financial information is presented below: Operating expenses $ 4 7 , 5 0 0 Sales returns and allowances 3 , 4 7 0 Sales discounts

Financial information is presented below:
Operating expenses $47,500
Sales returns and allowances 3,470
Sales discounts 1,910
Sales revenue 161,000
Cost of goods sold 87,000
The amount of net sales on the income statement would be

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