Financial information is presented below: Operating expenses $ 42,000 Sales returns and allowances 12,000 Sales discounts...

 

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Financial information is presented below: Operating expenses $ 42,000 Sales returns and allowances 12,000 Sales discounts Sales revenue Cost of goods sold The gross profit rate would be 3,000 165,000 96,000 Financial information is presented below: Operating expenses $ 42,000 Sales returns and allowances 12,000 Sales discounts Sales revenue Cost of goods sold The gross profit rate would be 3,000 165,000 96,000