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Brief Exercise 5-5 Sandhill Co. provides this information for the month ended October 31, 2017: sales on credit $307,800; cash sales $154,800; sales discounts $5,970;

Brief Exercise 5-5 Sandhill Co. provides this information for the month ended October 31, 2017: sales on credit $307,800; cash sales $154,800; sales discounts $5,970; and sales returns and allowances $23,520. Prepare the sales section of the income statement based on this information.

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