Total gross sales for the period include the following:
Credit card sales (discount 3%) ....................... $ 9,400
Sales on account (2/15, n/60) .......................... $ 12,000
Sales returns related to sales on account were $650. 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?