find the missing values in the income statement. what are the net sales?\nincome statement\nsales…

find the missing values in the income statement. what are the net sales?\nincome statement\nsales $12,000\nreturns $ (370)\nnet sales $?\ncogs $ (8,150)\ngross profit $\noverhead $ (2,300)\nnet income $

find the missing values in the income statement. what are the net sales?\nincome statement\nsales $12,000\nreturns $ (370)\nnet sales $?\ncogs $ (8,150)\ngross profit $\noverhead $ (2,300)\nnet income $

Answer

Explanation:

Step1: Recall net - sales formula

Net Sales = Sales - Returns

Step2: Substitute given values

Net Sales = $12000-370$

Step3: Calculate

Net Sales = $11630$

Answer:

$11630$