Question: Lets make art Company has provided the following information: Cash sales, $610,000 Credit sales, S1,510,000 . Selling and administrative expenses, $490,000 Sales returns and allowances,

Lets make art Company has provided the following information: Cash sales,

Lets make art Company has provided the following information: Cash sales, $610,000 Credit sales, S1,510,000 . Selling and administrative expenses, $490,000 Sales returns and allowances, $106,000 Gross profit. $1,520,000 Increase in accounts receivable. $71,000 Bad debt expense, S49.000 Sales discounts, $59,000 Net income, $1,030,000 How much are LMA's net sales? Multiple Choice 51955.000 52120,000 S1906,000 $2,049,000

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