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Suppose Wholesale Foods, Inc., had sales of $220,000 and estimated refund liability of $16,000. Cost of goods sold was $110,000. How much gross profit did

Suppose Wholesale Foods, Inc., had sales of $220,000 and estimated refund liability of $16,000. Cost of goods sold was $110,000. How much gross profit did Wholesale Foods, Inc., report? OA. $110,000 OB. $94,000 OC. $204,000 D. $126,000 COXXE

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