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On January 1, 2024, Sheridan Retailers had inventory of $49,500. On December 31,2024 , total inventory on hand was $65,400. Sheridan reported the following account

On January 1, 2024, Sheridan Retailers had inventory of $49,500. On December 31,2024 , total inventory on hand was $65,400. Sheridan reported the following account balances on December 31 : Calculate Sheridan Retailers' 2024 gross profit

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