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What the amount of net sales and gross profit on statement

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Reference no: EM132626334

Financial information is presented below:

Operating expenses $ 45,000

Sales returns and allowances 13,000

Discount Received 6,000

Sales 150,000

Costs of goods sold 77,000

Problem 1: The amount of net sales and gross profit on the statement of financial performance will be:

Select one:

Option a. $131,000 and $54,000

Option b. $137,000 and $65,000

Option c. $141,000 and $44,000

Option d. $137,000 and $60,000

Reference no: EM132626334

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