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Instruction: Prepare Statement of Comprehensive Income using the following accounts of Gab Medical Company for December 31, 2019 and answer the following questions below. Sales
Instruction: Prepare Statement of Comprehensive Income using the following accounts of Gab Medical Company for December 31, 2019 and answer the following questions below. Sales Sales Return and Allowances Sales Discount Merchandise Inventory, Beginning Merchandise Inventory, Ending Net Purchases Salaries Expense Supplies Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Bad Debts Expense 1,500,000 12,000 11,000 121,000 109,000 720,000 125,000 112,000 38,000 42,000 54,000 55,000 22,000 Determine the Net Sales Determine the cost of Sales Determine the Gross profit
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