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26. The income statement for Mattel inc. is as follows: The company's statutory tax rate is 40%. 27. The activity for Company ABC shows the

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26. The income statement for Mattel inc. is as follows: The company's statutory tax rate is 40%. 27. The activity for Company ABC shows the following. What are the joumal entrie(s) required to record net sales and cost of goods sold for Company ABC for the fiscal year? (Assume all sales are for cash)

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