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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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