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Required information [The following information applies to the questions displayed below.] The following quarterly information is given for Rossie for Year 1 (amounts shown

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Required information [The following information applies to the questions displayed below.] The following quarterly information is given for Rossie for Year 1 (amounts shown are in millions): First Quarter Second Quarter Third Quarter Fourth Quarter Net Sales Gross Margin $ 736.0 $ 717.4 $ 815.2 $ 620.1 Net Income 461.9 37.1 440.3 24.6 525.3 38.6 252.3 31.4 Required Determine the balance of cost of goods sold and operating expenses for each quarter. First Second Third Fourth Quarter Quarter Quarter Quarter Cost of goods sold Operating expenses

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