find the missing values in the income statement. what are the net sales? income statement sales $23,500…

find the missing values in the income statement. what are the net sales? income statement sales $23,500 returns $ (1,700) net sales $? cogs $ (8,800) gross profit $ overhead $ (2,400) net income $

find the missing values in the income statement. what are the net sales? income statement sales $23,500 returns $ (1,700) net sales $? cogs $ (8,800) gross profit $ overhead $ (2,400) net income $

Answer

Explanation:

Step1: Calculate net sales

Net sales = Sales - Returns. So, $23500- 1700$.

Step2: Perform subtraction

$23500 - 1700=21800$.

Answer:

$21800$