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A company reports the following information for June: Sales revenue$ 1 0 4 , 0 0 0 Income tax expense$ 1 1 , 0 0

A company reports the following information for June: Sales revenue$ 104,000Income tax expense$ 11,000Operating expenses22,000Cost of goods sold65,000Deferred revenues15,000Nonoperating revenues12,000What is the company's gross profit for June?Multiple Choice$17,000 $104,000 $39,000 $18,000

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