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! Required information [The following information applies to the questions displayed below.] Vitamix reports the following information for its year ended December 31: Cash

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! Required information [The following information applies to the questions displayed below.] Vitamix reports the following information for its year ended December 31: Cash sales Sales on credit General and administrative expenses Sales returns Cost of goods sold Sales discounts Selling expenses $ 80,000 110,000 27,000 13,000 85,000 4,000 44,000 Use the above information to prepare the gross profit section of a multiple-step income statement. VITAMIX Income Statement For Year Ended December 31 0 0 $ 0

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