4. Set up a skeletal profit-and-loss statement with the following figures: Gross sales $136,780 Customer returns...

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4. Set up a skeletal profit-and-loss statement with the following figures: Gross sales $136,780 Customer returns 12,960 Cost of merchandise sold 59,680 Expenses 57,403 4. Set up a skeletal profit-and-loss statement with the following figures: Gross sales $136,780 Customer returns 12,960 Cost of merchandise sold 59,680 Expenses 57,403