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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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