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Question 12 of 14 < > View Policies Current Attempt in Progress Chocolate Treats has the following account balances: Cost of goods sold $390,000
Question 12 of 14 < > View Policies Current Attempt in Progress Chocolate Treats has the following account balances: Cost of goods sold $390,000 Rent expense $44,000 Depreciation expense 12,500 Salaries expense 55,000 Insurance expense 3,300 Sales 575,000 Interest expense 11,500 Sales discounts 5,400 Interest revenue 9,100 Sales returns and allowances 17,500 -/5 E Assuming Chocolate Treats uses a multiple-step income statement, calculate the following: (a) net sales, (b) gross profit, (c) operating expenses, (d) profit from operations, and (e) profit. (a) Net sales $ (b) Gross profit $ (c) Operating expenses $
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