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Gross Profit During the current year, merchandise is sold for $142,800 cash and $545,500 on account. The cost of the goods sold is $433,600. What

image text in transcribed Gross Profit During the current year, merchandise is sold for $142,800 cash and $545,500 on account. The cost of the goods sold is $433,600. What is the amount of the gross profit? $

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