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State the missing items identified by ?. 1. Gross profit Operating expenses = ? 2. Cost of goods sold + Gross profit on sales =

State the missing items identified by ?.
1. Gross profit Operating expenses = ?
2. Cost of goods sold + Gross profit on sales = ?
3. Sales (? + ?) = Net sales
4. Income from operations + ? ? = Net income
5. Net sales Cost of goods sold = ?

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