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(1) Closing inventory was written down, for a possible future impairment of fair market value below cost, by $40,000 in 2020 and $25,000 in 2019.

(1) Closing inventory was written down, for a possible future impairment of fair market value below cost, by $40,000 in 2020 and $25,000 in 2019. (2) Selling expenses include

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