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Fill in the appropriate blanks for each of the independent situations below. Company A Company B Company Sales revenue $355,000 $531,000 Beginning inventory 52,600 95,000

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Fill in the appropriate blanks for each of the independent situations below. Company A Company B Company Sales revenue $355,000 $531,000 Beginning inventory 52,600 95,000 Net purchases 191,200 257.200 Ending inventory 52,000 114,600 70,000 Cost of goods sold 430,000 Gross profit 87,200 137.900 Operating expenses 48,100 47,400 Income before taxes 17,500

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