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Novak Corp. provides the following information for the month ended October 31,2022 ; sales on credit $342,200, cash sales $160,700, sales discounts $5,500, and sales

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Novak Corp. provides the following information for the month ended October 31,2022 ; sales on credit $342,200, cash sales $160,700, sales discounts $5,500, and sales returns and allowances $21,900. Prepare the sales section of a multiple-step income statement based on this information

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