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Operating Expenses Sales Returns and Allowances Sales Discounts Sales Revenue Cost of Goods Sold 45,000 9,000 6,000 160,000 87,000 Financial information is presented below: Gross

Operating Expenses Sales Returns and Allowances Sales Discounts Sales Revenue Cost of Goods Sold 45,000 9,000 6,000 160,000 87,000 Financial information is presented below: Gross profit would be $13,000. $58,000. $64,000. $67,000

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