Question: Using the following data, compute net sales. Sales discounts. . . . . . . . . . . . . . . . .

Using the following data, compute net sales.
Sales discounts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 50,000
Accounts receivable, ending. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125,000
Gross sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,500,000
Inventory, ending. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200,000
Sales returns and allowances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75,000

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