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Required information [The following information applies to the questions displayed below.] The...

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Accounting

Required information
[The following information applies to the questions displayed below.]
The following data were provided by Mystery Incorporated for the year ended December 31:
Cost of Goods Sold
Income Tax Expense
Merchandise Sales (gross revenue) for Cash
Merchandise Sales (gross revenue) on Credit
office Expense
Sales Returns and Allowances
Salaries and Wages Expense
$175,000
20,700
260,000
46,000
20,000
7,650
44,200
2-a. What was the dollar amount of gross profit?
2-b. What was the gross profit percentage? (Round your percentage to 1 decimal place.)
\table[[2-a. Gross Profit,],[2-b. Gross Profit Percentage,%
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