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cost of goods sold $212,000 rent expense $32,000 freight out $7,000 sales discounts 8,000 insurance expense 6,000 sales returns and allowances 13,000 salaries and wages

cost of goods sold $212,000 rent expense $32,000

freight out $7,000 sales discounts 8,000

insurance expense 6,000 sales returns and allowances 13,000

salaries and wages expense 58,000 sales revenue 380,000

prepare multistep income statement and find gross profit rate

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