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The financial information is presented below: Operating expenses $45,000 Sales returns and discounts 13,000 Sales discounts 6,000 Sales 160,000 Cost of sales 77,000 Calculate the

The financial information is presented below:

Operating expenses $45,000

Sales returns and discounts 13,000

Sales discounts 6,000

Sales 160,000

Cost of sales 77,000

Calculate the gross profit.

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