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Cascade Supply Company's income statement includes sales revenue $119,000, cost of goods sold $70,000, and gross profit $49,000. If ending inventory was accidentally overstated by

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Cascade Supply Company's income statement includes sales revenue $119,000, cost of goods sold $70,000, and gross profit $49,000. If ending inventory was accidentally overstated by $3,000, what is the correct amount for gross profit? A. $52,000 OB $46,000 O C. $49,000 O D. $65,000

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