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Julius operates a sporting goods store. His records indicate that he had sales of $ 8 0 , 0 0 0 . Customers returned $

Julius operates a sporting goods store. His records indicate that he had sales of $80,000. Customers returned $1,000 worth of sporting goods because of various defects. His cost of goods sold was $18,000. What is Julius's Schedule C (Form 1040) gross income?
$61,000
$62,000
$79,000
$80,000

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