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Income Statement Items: Item Amount Sales Revenue $120,000 Cost of Goods Sold $50,000 Gross Profit $70,000 Operating Expenses $30,000 Net Income $40,000 Calculate the gross
Income Statement Items:
Item | Amount |
---|---|
Sales Revenue | $120,000 |
Cost of Goods Sold | $50,000 |
Gross Profit | $70,000 |
Operating Expenses | $30,000 |
Net Income | $40,000 |
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