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2. value: 1.42 points E6-16 Reporting Net Sales with Credit Sales, Sales Discounts, and Sales Returns [LO 6-4] The following transactions were selected from among those completed by Bear's Retail Store: Nov. 20 Sold two items of merchandise to Cheryl Jahn, who paid the $350 sales price in cash. The goods cost Bear's $450 25 Sold 20 items of merchandise to Vasko Athletics at a selling price of $3,500 (total), terms 3/10, n/30. The goods cost Bear's $2,250 28 Sold 10 identical items of merchandise to Nancy's Gym at a selling price of $5,500 (total), terms 3/10, n/30. The goods cost Bear's $3,750 29 Nancy's Gym returned one of the items purchased on the 28th. The item was in perfect condition and credit was given to the customer Dec. 6 Nancy's Gym paid the account balance in full 30 Vasko Athletics paid in full for the invoice of November 25 Required: Assuming that Sales Returns and Sales Discounts are reported as contra-revenues, compute Net Sales for the two months ended December 31. (Do not round intermediate calculations. Round your answer to 2 decimal places.) ales