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Required information [The following information applies to the questions displayed below.] The following data were provided by Mystery Incorporated for the year ended December 31:
Required information [The following information applies to the questions displayed below.] The following data were provided by Mystery Incorporated for the year ended December 31: Cost of Goods Sold Income Tax Expense Merchandise Sales (gross revenue) for Cash Merchandise Sales (gross revenue) on Credit Office Expenses Sales Returns and Allowances Salaries and Wages Expense $174,000 20,410 258,000 45,600 19,900 7,590 43,800 Required information Income Statement For the Year Ended December 31 Net Sales Cost of Goods Sold Gross Profit Operating Expenses Office Expenses Salaries and Wages Expense 0 0 Total Operating Expenses Income from Operations Income Tax Expense 0 Net Income $ 0
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