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Assume Blue Apron sold inventory on account on December 2 8 that was to be delivered January 3 . The inventory cost Blue Apron $

Assume Blue Apron sold inventory on account on December

28

that was to be delivered January

3 .

The inventory cost Blue Apron $

28, 500

and the selling price was $

37, 000 .

What amounts, if any, related to this transaction would be reported on Blue Apron's balance sheet and income statement in December?

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