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The 2 0 2 4 income statement of Anderson Medical Supply Company reported net sales of $ 1 4 million, cost of goods sold of

The 2024 income statement of Anderson Medical Supply Company reported net sales of $14 million, cost of goods sold of $6.4 million, and net income of $880,000. The following table shows the company's comparative balance sheets for 2024 and 2023:
\table[[,($ in thousands)],[Assets,2024,2023],[Cash,$620,$700
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