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A company reports the following amounts at the end of the year. Total sales revenue = $490,000 cash = $45,000, sales discounts $1,000, accounts receivable

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A company reports the following amounts at the end of the year. Total sales revenue = $490,000 cash = $45,000, sales discounts $1,000, accounts receivable = $28,000, sales retums = $19,000; operating expenses = $73,000, sales allowances $30,000. Compute net revenues

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