Martinez Limited reports the following information: sales $1,048,600; cost of goods sold $644,840; administrative expenses...

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Accounting

Martinez Limited reports the following information: sales $1,048,600; cost of goods sold $644,840; administrative expenses $156,800; selling expenses $107,800; other income $25,480; other expenses $34,300; and income tax expense $26,460. Assuming Martinez uses a multiple-step statement of income.
(a)
Your answer is incorrect.
Calculate gross profit.
Gross profit $enter gross profit in dollars

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