Answer:
a. $290,000
Explanation:
The relevant data provided in the question for computing the net sales is here below:-
Sales revenue = $320,000
Sales discounts = $12,000
Sales returns and allowances = $18,000
The computation of net sales on the income statement is shown below:-
The amount of net sales = Sales revenue - Sales discounts - Sales returns and allowances
= $320,000 - $12,000 - $18,000
= $320,000 - $30,000
= $290,000
Therefore for computing the amount of net sales we simply applied the above formula.
