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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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