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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 $ 158,000 15, 710 226,000 39,200 18,300 6,630 37,400 MYSTERY INCORPORATED Income Statement Net Sales 2-a. What was the amount of gross profit? 2-b. What was the gross profit percentage? (Round your percentage to 1 decimal place.) 2-a. Gross Profit Gross Profit Percentage 2.5. GROSSE
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