Question: Chloe opens a retail store. Her sales during the first year are $ 9 0 0 comma 0 0 0 , of which $ 1

Chloe opens a retail store. Her sales during the first year are $ 900 comma 000, of which $ 120 comma 000 has not been collected at year-end. Her purchases are $ 550 comma 000. She still owes $ 30 comma 000 to her suppliers, and at year-end she has $ 55 comma 000 of inventory on hand. She incurred operating expenses of $ 120 comma 000. At year-end she has not paid $ 5 comma 000 of the expenses

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