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Complete the portion for July 3 1 , 2 0 1 1 , of the income statement shown for Miss Muffins' Bakery using the given

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Complete the portion for July 31,2011, of the income statement shown for Miss Muffins' Bakery using the given information: gross sales, $35,318; returns and allowances, $341; cost of beginning inventory, $17,852, cost of purchases, $27,866, cost of ending inventory, $22,631, total operating expenses, $3,146. Compute net sales, cost of goods sold, gross profit, and net income.
\table[[,],[Gross sales,2011],[Returns and allowances,$35,318
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