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Using the following information, calculate the amount of gross profit. Inventory purchases: $32504 Merchandise Inventory, beginning: $5753 Purchase Returns: $1396 Merchandise Inventory, ending: $6690 Sales:
Using the following information, calculate the amount of gross profit. Inventory purchases: $32504 Merchandise Inventory, beginning: $5753 Purchase Returns: $1396 Merchandise Inventory, ending: $6690 Sales: $61725
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