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Set up a complete skeletal statement: Gross sales $362,350 Customer returns $ 22,154 Gross margin 51.9% Profit $ 10,800 Set up a complete skeletal statement:

Set up a complete skeletal statement: Gross sales $362,350 Customer returns $ 22,154 Gross margin 51.9% Profit $ 10,800 Set up a complete skeletal statement: Cost of merchandise sold $171,430 Loss ($2,900) Loss (0.6%)

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