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QUESTION 3 4.5 points Save a XYZ company provided the following information: Sales Accounts payable Selling expenses Administrative expenses Other revenues Cost of goods sold Cash Other expenses $134,500 15,500 37,000 13,000 27,000 95,000 24,000 22,000 Required: Calculate the following: (SHOW YOUR CALCULATIONS) 1. Gross profit 2. Net income/ loss (note: specify whether the company had net income or net loss) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I US Paragraph Arial 10pt T v 6 > v V A . +1 - . V v TT L+ e 1 22 - = = = 5 E x X & T To FB E | 0) Save All Answers Click Save and Submit to save and submit. Click Save AZ Answers to save all answers