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Samantha Corporation purchased inventory costing $ 100 comma 000$100,000 and sold 8080% of the goods for $ 160 comma 000$160,000. All purchases and sales were
Samantha Corporation purchased inventory costing $ 100 comma 000$100,000 and sold 8080% of the goods for $ 160 comma 000$160,000. All purchases and sales were on account. SamanthaSamantha later collected 3030% of the accounts receivable. Assume that sales returns are nonexistent
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