Question: develop a profit/loss statement showing $ and %. Profit were $2,000, operating expenses were $18,000, purchases totaled $36,000, gross sales were $52,000, ending inventory was

develop a profit/loss statement showing $ and %. Profit were $2,000, operating expenses were $18,000, purchases totaled $36,000, gross sales were $52,000, ending inventory was $34,000, customer returns were $2,000 and beginning inventory was $28,000

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