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Question 8 of 8 View Policies Show Attempt History < Current Attempt in Progress 0.5/1 In 2021, Martinez Corporation reported sales of $232,900, cost
Question 8 of 8 View Policies Show Attempt History < Current Attempt in Progress 0.5/1 In 2021, Martinez Corporation reported sales of $232,900, cost of goods sold of $139,740. operating expenses of $45,500, and income tax expense of $22,041. In 2020, it reported sales of $213,000, cost of goods sold of $103,731, operating expenses of $39,000, other revenues of $10,300, and income tax expense of $13,687. (a) Your answer is correct. Calculate the gross profit and net income for each year. 2021 2020
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