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Chocolate Treats has the following account balances: $390,000 13,500 Cost of goods sold Depreciation expense Insurance expense Interest expense Interest revenue Rent expense Salaries expense

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Chocolate Treats has the following account balances: $390,000 13,500 Cost of goods sold Depreciation expense Insurance expense Interest expense Interest revenue Rent expense Salaries expense Sales Sales discounts Sales returns and allowances $45,000 56,000 555,000 3,000 11,500 5,600 8.500 15,500 Assuming Chocolate Treats uses a multiple-step income statement, calculate the following: (a) net sales. (b) gross profit. (c) operatiu expenses, (d) profit from operations, and (e) profit (a) Net sales $ (b) Gross profit $ (c) Operating expenses $ (d) Profit from operations $ (e) Profit $

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