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The following information applies to the questions displayed below.] Big Tommy Corporation is a local grocery store organized seven years ago as a corporation. The book- keeper prepared the following statement (assume that all amounts are correct, but note the Incorrect terminology and format) BIG TOMMY CORPORATION Profit and Loss December 31 Credit $275,000 Deblt Sales Cost of Goods Sold Sales Returns and Allowances Sales DIscounts Salaries and Wages Expense Office Expense Travel Expenses Income Tax Expense Net Profit $ 207000 3,700 4,200 40,000 2,500 1,000 4,980 11,620 Totals 275,000 $275,000