In 2011, Palm Company had sales revenue of $1,200,000, Sea Company had sales revenue of $250,000, and
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In 2011, Palm Company had sales revenue of $1,200,000, Sea Company had sales revenue of $250,000, and Sand Company had sales revenue of $400,000. Palm Company sold $30,000 of products to Sea Company. All other sales were to outside customers. On the consolidated income statement, the amount of sales reported would be
$ .
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