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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

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 $4,000 a. Net sales b. Gross profit 81,000 2,400 28,000 Use the above information, to compute (a) net sales and (b) gross profit.

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