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The following income statements were drawn from the annual report of The Western Sales Company Sales Cost of Goods Sold Gross Margin Operating Expenses Operating

The following income statements were drawn from the annual report of The Western Sales Company Sales Cost of Goods Sold Gross Margin Operating Expenses Operating Income Gain on the Sale of Land Year 2 Year 140,000(25,e80)(25,eee)15,88815, eee ()(9,eee)6,0005, eee; 511,eee Net Income the trends continue investors can expect the company's net income for Year 3 to

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