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The income statement of Monty Company is shown below. MONTY COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales Cost of goods
The income statement of Monty Company is shown below. MONTY COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales Cost of goods sold Gross profit $765,000 542,000 223,000 Operating expenses Selling expenses 54,000 Administrative expenses 86,000 140,000 Net income $83,000 Additional information:
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