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Question 11 (1 point) Takenson Corp. is a merchandising company that uses the periodic inventory system. Selected account balances are listed below: $500,000 225,000 16,000

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Question 11 (1 point) Takenson Corp. is a merchandising company that uses the periodic inventory system. Selected account balances are listed below: $500,000 225,000 16,000 Sales Purchases Inventory (beginning) Inventory (ending) Operating expenses Income tax expense Retained earnings (beginning) Dividends 148,000 10,000 53,000 15,000 Calculate the gross profit $289,000 $425,000 $275,000 $241,000

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