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Assuming the perpetual inventory system is used for the financial information presented below: Operating expenses $45,000 Sales returns and allowances $13,000 Sales discount $6,000 Sales

Assuming the perpetual inventory system is used for the financial information presented below:

Operating expenses $45,000

Sales returns and allowances $13,000

Sales discount $6,000

Sales revenue $150,000

Costs of sales $77,000

The amount of gross profit on the income statement would be:

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