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Calculate the gross profit

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Reference no: EM132898263

Problem - California Melons Ltd provided you with the following listing of year ending adjusted balances:

Sales Revenue $230,000

Rent Expense $100,000

Interest Income $21,000

Insurance Expense $71,000

Sales Returns & Allowances $1,000

Cost of Goods Sold $100,000

Gain on Disposal of Land $73,000

Interest Expense $31,000

Required - Given the above information, calculate the gross profit (loss)?

Reference no: EM132898263

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Calculate the gross profit : California Melons Ltd provided you with the following listing of year ending adjusted balances: Given the above information, calculate the gross profit (loss)
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