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Financial information is presented below:


Operating expenses $ 56000
Sales returns and allowances 10000
Sales discounts 3000
Sales revenue 140000
Cost of goods sold 100000

The amount of net sales on the income statement would be

Respuesta :

mltn1980

Answer:

Total Net Sales : $127.000

Explanation:

Income Statement  

Sales  140.000  

Sales Return and Allowance -10.000  

Sales Discounts -3.000  

Net Sales       $127.000

Cost of goods sold -100.000  

Gross Profit  27.000  

Operating Expenses -56.000  

Net Income BEFORE Taxes -29.000