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1. Based on the following account balances, what will be the total amount of Gross Margin? Account Title Balance Cash $10,000 $35,000 Sales Revenue $2,000

1. Based on the following account balances, what will be the total amount of Gross Margin? Account Title Balance Cash $10,000 $35,000 Sales Revenue $2,000 Transportation out Salary Payable Cost of Goods Sold $5,000 $15,000 $3,000 Inventory a. $35,000

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