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Use the appropriate information from the data provided below to calculate operating income for the year ended December 31, 2020. Cost of goods sold General
Use the appropriate information from the data provided below to calculate operating income for the year ended December 31, 2020. Cost of goods sold General and administrative expenses Net cash provided by financing activities Dividends paid Income tax expense Other selling expenses Net sales Advertising expense Accounts payable $234,000 96,000 138,000 32,000 22,000 52,000 556,000 78,000 66,000
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