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Current Attempt in Progress Cost of goods sold Income tax expense Operating expenses Sales Sales discounts Sales returns and allowances $434,000 67,200 344,000 1,100,000 24,000

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Current Attempt in Progress Cost of goods sold Income tax expense Operating expenses Sales Sales discounts Sales returns and allowances $434,000 67,200 344,000 1,100,000 24,000 74,000 The profit margin would be 60.6%. 18.5%. 15.6%. O 34.3%

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