Financial information is presented below: Operating Expenses $ 45,000 Sales Returns and Allowances 13,000 Sales...

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Accounting

Financial information is presented below: Operating Expenses $ 45,000 Sales Returns and Allowances 13,000 Sales Discounts 6,000 Sales 160,000 Cost of Goods Sold 77,000 Gross profit would be Question 45 options: 1) $77,000. 2) $64,000. 3) $70,000. 4) $83,000.

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