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Income Statement For the fiscal year, sales were $ 8,135,000, sales discounts were $ 795,000. sales returnes and allowances were $ 475.000, and the cost
Income Statement
For the fiscal year, sales were $ 8,135,000, sales discounts were $ 795,000. sales returnes and allowances were $ 475.000, and the cost of merchandise sold was $ 5,100,000.
a, What was the amount of net sales ? ____.
b. What was the amonut of gross profit? ____.
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