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Given the following information for the year ended 12/31/X3: Balances DR (CR) Sales Revenue(210,000)Selling and Administrative Expense42,000Sales Discounts6,000Sales Returns and Allowance11,000Cost of Goods Sold125,000Interest Expense4,000

Given the following information for the year ended 12/31/X3:

Balances

DR (CR)

Sales Revenue(210,000)Selling and Administrative Expense42,000Sales Discounts6,000Sales Returns and Allowance11,000Cost of Goods Sold125,000Interest Expense4,000

Determine the 20X3gross margin:

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