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For Rondelli Company, the following information is available: Cost of goods sold $270,000 Sales returns and allowances 12,000 Income tax expense 27,000 Operating expenses 105,000

For Rondelli Company, the following information is available: Cost of goods sold $270,000 Sales returns and allowances 12,000 Income tax expense 27,000 Operating expenses 105,000 Sales revenue 450,000 In Rondelli's income statement, gross profit

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