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Complete the following data taken from the condensed income statements for merchandising Companies X, Y, and Z. Enter net loss with a minus sign. Company

Complete the following data taken from the condensed income statements for merchandising Companies X, Y, and Z. Enter net loss with a minus sign.

Company X Company Y Company Z
Net income/(net loss) $220 $ $(40)
Sales 1,260 895
Gross profit 400 480
Operating expenses 540
Cost of goods sold 310 750

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