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Sullivan Company uses the periodic inventory system. The following balances were drawn from the accounts of Sullivan Company prior to the closing process: Sales revenue

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Sullivan Company uses the periodic inventory system. The following balances were drawn from the accounts of Sullivan Company prior to the closing process: Sales revenue Beginning inventory balance Purchases Transportation in Transportation-out Purchase discounts Ending inventory balance $ 19,500 4,700 9,500 1,150 1,350 950 5,100 What is the gross margin that will be shown on the income statement

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