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Exercise 5-5 The adjusted trial balance of Hodges Company shows these data pertaining to sales at the end of its fiscal year, October 31, 2014:

Exercise 5-5 The adjusted trial balance of Hodges Company shows these data pertaining to sales at the end of its fiscal year, October 31, 2014: Sales Revenue $905,920; Freight-Out $13,350; Sales Returns and Allowances $18,790; and Sales Discounts $15,540. Prepare the sales section of the income statement.

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