Newark Company has provided the following information . Cash sales, $460,000 . Credit sales, $1,360,000...
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Newark Company has provided the following information . Cash sales, $460,000 . Credit sales, $1,360,000 .Selling and administrative expenses, $340,000 Sales returns and allowances, $91,000 Gross profit, $1,370,000 Increase in accounts receivable, $56,000 Bad debt expense, $34,000 Sales discounts, $44,000 Net income, $1,030 ,000 How much is Newark's cost of sales
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