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Osaka Corporation provides the following information for the month ended December 31, 2020: sales on credit $280,000, cash sales $95,000, sales discounts $5,000, and sales

Osaka Corporation provides the following information for the month ended December 31, 2020:

sales on credit $280,000, cash sales $95,000, sales discounts $5,000, and sales returns and

allowances $11.000.

Instructions: Prepare the sales section of the income statement based on this information.

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