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. The income statement for the first quarter of 2021 was as follows: Income Statement For the Quarter Ended March 31, 2021 Sales $700,000 Cost

. The income statement for the first quarter of 2021 was as follows: Income Statement For the Quarter Ended March 31, 2021 Sales $700,000 Cost of goods sold 395,000 Gross profit 305.000 Operating ex...

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