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Please show work for the following questions so that I am able to compare where my mistakes were made. Thank you. 12. Suppose a company

Please show work for the following questions so that I am able to compare where my mistakes were made. Thank you. image text in transcribed
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12. Suppose a company reports the following information at December 31, 2013: Sales Cash Unearned Revenue Dividends Cost of Sales $15,000,000 $3,000,000 400,000 $1,000,000 $8,500,000 What is the company's Gross Profit? a. 6,100,000 b. 5,500,000 c. $ 6,500,000 d. $12,000,000

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