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Use the following to answer questions 23- 30 PJ Corp. reported the following income statement results: Sales Sales returns & allowances Gross profit Operating expense

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Use the following to answer questions 23- 30 PJ Corp. reported the following income statement results: Sales Sales returns & allowances Gross profit Operating expense $987,400 7,400 378,280 264,500 30,000 99,960 Gain on sale of equipment Net income Question 16

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