The following information was taken from the financial statements of Sunland Company:     2021     2020   Gross profit on sales   $678,600         $760,000       Income before income taxes   205,400         225,000       Net income   260,000         225,000       Net income as a percentage of net sales   10%     9% What are the net sales for 2021 and 2020? can you help me solve?

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
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Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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The following information was taken from the financial statements of Sunland Company:

   
2021
   
2020
 
Gross profit on sales
  $678,600         $760,000      
Income before income taxes
  205,400         225,000      
Net income
  260,000         225,000      
Net income as a percentage of net sales
  10%    

9%

What are the net sales for 2021 and 2020? can you help me solve?

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