M6-2 (algo) reporting net sales with sales discounts, credit card discounts, and sales returns lo6-1.total gross sales for the period include the following: credit card sales (discount 3%) $8,400 sales on account (1/15, n/60) $10,500 sales returns related to sales on account were s500. all returns were made before payment. one- half of the remaining sales on account was paid within the discount period. the company treats all discounts and returns as contra-revenues. what amount will be reported on the income "statement as net sales?