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QUESTION
A company provided the following information at the end of the accounting period:
A company provided the following information at the end of the accounting period: Accounts receivable, $24,000, Sales revenues, $580,000, Sales returns and allowances $2,000, Sales discounts $600, Allowance for doubtful accounts $1,500, and Credit card discounts (an expense) $800. Calculate the amount of net sales reported on the income statement.
