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Sean Co. has sales of $300,000 and COGS of $240,000 for the year ended December 31, 2023.It also has selling expenses of $32,000 and administrative

Sean Co. has sales of $300,000 and COGS of $240,000 for the year ended December 31, 2023.It also has selling expenses of $32,000 and administrative expenses of $10,000.What is the gross profit amount on an income statement under ASPE?

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