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A firm reports sales of $1,041,400.00, Cost of Goods (COGS) of $591,400.00, Selling and Administrative expense of $99,050.00, and depreciation expense of $224,950.00. What is

A firm reports sales of $1,041,400.00, Cost of Goods (COGS) of $591,400.00, Selling and Administrative expense of $99,050.00, and depreciation expense of $224,950.00. What is the gross profit for the firm?What is the operating profit for the firm?

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