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Financial information is presented below: Operating Expenses $ 90,000 Sales Returns and Allowances 25,000 Sales Discounts 15,000 Sales 400,000 Cost of Goods Sold 212,400 Gross

Financial information is presented below:

Operating Expenses $ 90,000

Sales Returns and Allowances 25,000

Sales Discounts 15,000

Sales 400,000

Cost of Goods Sold 212,400

Gross profit would be

Select one: a. $270,000. b. $187,600. c. $147,600. d. $57,600.

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