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Walter Companys multistep income statement shows cost of goods sold of $42,000, a gross margin of $36,000, operating income of $11,000 and a loss of
Walter Companys multistep income statement shows cost of goods sold of $42,000, a gross margin of $36,000, operating income of $11,000 and a loss of $21,000 on the sale of land. Based on this information the sales revenue amounted to
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