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The following information is available for Entity B for the year ended December 31, 2022. What is gross profit? Sales Sales Returns $145,000 4,500 Sales
The following information is available for Entity B for the year ended December 31, 2022. What is gross profit? Sales Sales Returns $145,000 4,500 Sales Discounts 1,450 Cost of Goods Sold 60,000 Selling Expense 10,000 Administrative Expense 5,500 Interest Expense 7,500 Interest Revenue 1,000 $63,050 O$139,050 $70,050 4 $79,050
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