Question: Please answer this question with explanations. Thank you. Total gross sales for the period include the following Credit card sales (discount 2%) Sales on account

 Please answer this question with explanations. Thank you. Total gross sales Please answer this question with explanations. Thank you.

Total gross sales for the period include the following Credit card sales (discount 2%) Sales on account (3/15, n/60) $ 10,200 S 10,000 Sales returns related to sales on account were S400. All returns were made before payment. One-half of the remaining sales on account were paid within the discount period. The company treats all discounts and returns as contra-revenues What amount will be reported on the income statement as net sales? (Do not round intermediate calculations Round your answer to 2 decimal places.) Net sales

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