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The following data was given for Cathy's Cakes: Sales $4,000 Operating Expenses $600... Sales Returns & Allowances $200... Sales Discounts $400 Compute Net Income

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The following data was given for Cathy's Cakes: Sales $4,000 Operating Expenses $600... Sales Returns & Allowances $200... Sales Discounts $400 Compute Net Income Beginning Inventory $1,500 Purchase $1,000 Ending Inventory $500

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