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(a) Determine the missing amounts. Lee Company Chan Company Sales revenue $90,000 $ (d) Sales returns (a) 5,000 Net sales 81,000 98,000 Cost of goods

(a) Determine the missing amounts. Lee Company Chan Company Sales revenue $90,000 $ (d) Sales returns (a) 5,000 Net sales 81,000 98,000 Cost of goods sold 56,000 (e) Gross profit (b) 37,500 Operating expenses 12,000 (f) Net income (c) 15,000

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