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Opening Inventory = $25,000 Purchases =$50,000 Closing inventory = $ 10,000 Gross sales = 100,000 Sales return = 10,000 Operating expenses = 15,000 Calculate Net

Opening Inventory = $25,000 Purchases =$50,000 Closing inventory = $ 10,000 Gross sales = 100,000 Sales return = 10,000 Operating expenses = 15,000 Calculate Net Income

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