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Using the following information, what is the amount of gross profit? Purchases Inventory, September 1 Administrative expense Rent revenue $29,420 Selling expense $862 7,511

Using the following information, what is the amount of gross profit? Purchases Inventory, September 1 Administrative expense Rent revenue $29,420 Selling expense $862 7,511 Inventory, September 30 10,222 1,024 Sales 45,193 1,281 Interest expense 854 $26,709 $18,484 328,131 $854

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