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Suppose Old Oak Winery had sales of $290,000 and sales returns of $40,000. Cost of goods sold was $166,000. How much gross profit did Old

Suppose Old Oak Winery had sales of $290,000 and sales returns of $40,000. Cost of goods sold was $166,000. How much gross profit did Old Oak Winery report?

A. $124,000

B. $69,000

C. $84,000

D. $250,000

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