Financial Information Is Presented Below The Amount of Net Sales on the Income Statement Would

question 72

Multiple Choice

Financial information is presented below: $\begin{array}{lr}\text { Operating Expenses } & \$ 92,800 \\\text { Sales Returns and Allowances } & 18,000 \\\text { Sales Discounts } & 12,000 \\\text { Sales Revenue } & 350,000 \\\text { Cost of Goods Sold } & 176,000\end{array}$ The amount of net sales on the income statement would be

• A) $320,000.
• B) $332,000.
• C) $338,000.
• D) $350,000.

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