find the missing values in the income statement. what are the net sales? income statement sales $12,600…

find the missing values in the income statement. what are the net sales? income statement sales $12,600 returns $ (320) net sales $? cogs $ (8,100)

find the missing values in the income statement. what are the net sales? income statement sales $12,600 returns $ (320) net sales $? cogs $ (8,100)

Answer

Explanation:

Step1: Recall net - sales formula

Net Sales = Sales - Returns

Step2: Substitute given values

Net Sales = $12600-320$

Step3: Calculate result

Net Sales = $12280$

Answer:

$12280$