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The Mortenson Company has the following account balances: Cost of Goods Sold 120,000.55 Interest Revenue 5,000.45 Loss on Asset Disposal 12,000.11 Sales Revenue Refund 9,000.54

The Mortenson Company has the following account balances:
Cost of Goods Sold 120,000.55
Interest Revenue 5,000.45
Loss on Asset Disposal 12,000.11
Sales Revenue Refund 9,000.54
Operating Expenses 46,000.87
Sales Revenue 200,000.59
In Mortenson's multiple-step income statement, what will be the value of the gross profit/margin?

John won the lottery that will pay him $100,000.00 at the end of each of the next 20 years.
Assuming an appropriate interest rate is 8% compounded annually, how much is this
total lottery winnings worth today?

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