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Total gross sales for the period include the following:

   Credit card sales (discount 3%)$9,500Sales on

account (2/15, n/60)$11,100 


Sales returns related to sales on account were $200. 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?

net sales ?

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