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The following information was taken from the 2012 income statement of Alumni Company: Pretax income, $140,000; Total operating expenses, $130,000; Sales revenue, $520,000. Assuming there

The following information was taken from the 2012 income statement of Alumni Company: Pretax income, $140,000; Total operating expenses, $130,000; Sales revenue, $520,000. Assuming there are no other revenues or expenses, what is cost of goods sold?

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