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Accounts from the Perril Company's Income Statement, including some accounts and from the Perril Company's Balance Sheet, for the year ending December 31, 2021

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Accounts from the Perril Company's Income Statement, including some accounts and from the Perril Company's Balance Sheet, for the year ending December 31, 2021 are listed below: Additional paid in capital $1,310 Beginning inventory = $620 Depreciation = $1,680 = Dividends paid - $1,930 Ending inventory $580 Gross sales $13,240 = Interest expense - $660 Notes payable $3,440 " I Operating expenses (excluding depreciation) $2,780 Purchases $6,870 Returns and allowances $160 Perril Company has a tax rate of 40 percent. Using the data above, compute what Perril Company (a retail clothing store) reported as Operating Profit (i.e., EBIT) on its 2021 income statement.

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