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Chocolate Treats has the following account balances: $ 400,000 Rent expense $45,000 12,500 55,000 Cost of goods sold Depreciation expense Insurance expense Interest expense Interest

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Chocolate Treats has the following account balances: $ 400,000 Rent expense $45,000 12,500 55,000 Cost of goods sold Depreciation expense Insurance expense Interest expense Interest revenue 3,300 555,000 Salaries expense Sales Sales discounts Sales returns and allowances 10,500 5,800 9,400 15,500 Assuming Chocolate Treats uses a multiple-step income statement, calculate the following: (a) net sales. (b) gross profit, (c) operating expenses. (d) profit from operations, and (e) profit (a) Net sales $ (b) Gross profit S (c) Operating expenses $ $ (d) Profit from operations s (e) Profit B 12C Cloudy o O O FI I E wpe here to search Home End Pgup PrtScn FB 510 x PII F FG FS F4

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