Two items are omitted in each of the following four lists of income statement data. Determine the
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Sales Sales returns and allowances Sales discounts Net sales Cost of merchandise sold Gross profit $300,000 $600,000 850,000 (g) 10,000 25,000 h) (f) 400,000 (d) 300,000 115,000 30,000 18,000 20,000 250,000 (b) 100,000 70,000 (c) 75000 330,000
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