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Exercise 5-11 Net sales computation for multiple-step income statement LO P4 A company reports the following sales-related information Sales, gross Sales discounts $ 240,000 Sales

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Exercise 5-11 Net sales computation for multiple-step income statement LO P4 A company reports the following sales-related information Sales, gross Sales discounts $ 240,000 Sales returns and allowances1 $ 19,000 10,800 4,800 Sales salaries expense Prepare the net sales portion only of this company's multiple-step income statement

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