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I need help solving this problem. please help ASAP Sam Company reported the following amounts on its income statement: $ 100,00 Net income Cost of

I need help solving this problem.
please help ASAP image text in transcribed
Sam Company reported the following amounts on its income statement: $ 100,00 Net income Cost of goods sold 400,00 0 Gross margin 200,00 Based on the information provided, what was the amount of sales reported on the income statement? $600,000 $200,000 $700,000 $300,000

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