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Company has gross profit of $80,000; sales revenue $240,000; unearned revenue $5,000; allowance for uncollectibles $5,000; bad debt expense $15,000; utilities expense $2,500; what is

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Company has gross profit of $80,000; sales revenue $240,000; unearned revenue $5,000; allowance for uncollectibles $5,000; bad debt expense $15,000; utilities expense $2,500; what is net income and cost of goods sold

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