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In its income statement for the year ended December 31, 2022, Grouper Company reported the following condensed data. Operating expenses Cost of goods sold Interest

In its income statement for the year ended December 31, 2022, Grouper Company reported the following condensed data. Operating expenses Cost of goods sold Interest expense $772,120 1,349,500 74,370 Interest revenue Loss on disposal of plant assets Net sales $29,250 16,010 2,421,600
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