A company reports the following sales-related information.

Exercise 4-11 Net sales computation for multiple-step income statement LO P4

A company reports the following sales-related information.

                                          
Sales, gross     $     210,000           Sales returns and allowances     $     13,000     
Sales discounts           4,200           Sales salaries expense           10,200     


Prepare the net sales portion only of this company’s multiple-step income statement.

 

Thank you!