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1. Sales revenue in Year 1 is $120,000 with a trend index number of 110. Sales revenue in Year 2 is $140,000 with a 121

1. Sales revenue in Year 1 is $120,000 with a trend index number of 110. Sales revenue in Year 2 is $140,000 with a 121 trend index number. Year 1 sales revenue converted to current dollars is ___________. $121,000 $132,000 $151,000 $110,000

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