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The accounting records of the Meadowbrook Company reported the following: Cost of Goods Sold $ 1 4 0 , 0 0 0 Income Tax 1

The accounting records of the Meadowbrook Company reported the following:
Cost of Goods Sold $ 140,000
Income Tax 10,000
Interest and Other Expenses 14,000
Sales Discounts 2,000
Sales Revenue 200,000
Selling and Administrative Expense 20,000
What is the gross profit?

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