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6. Set up a final profit/loss statement showing all of the appropriate figures in dollars and percentages. (20 points) Gross sales $129,000 Closing inventory at

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6. Set up a final profit/loss statement showing all of the appropriate figures in dollars and percentages. (20 points) Gross sales $129,000 Closing inventory at cost 29,000 Opening inventory at cost 30,000 Miscellaneous expenses 5,000 Customer returns 6,000 Purchases at cost 60,000 Rent and Utilities 23,000 Payroll 30,000 Transportation charges 1,700 Cash discounts 8% Advertising 6,000

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