Question: Financial information is presented below: Operating Expenses $45,000 Sales Returns and Allowances 13,000 Sales Discounts 6,000Sales 160,000 Cost of Goods Sold 77,000 Gross profit would

Financial information is presented below: Operating Expenses $45,000 Sales Returns and Allowances 13,000 Sales Discounts 6,000Sales 160,000 Cost of Goods Sold 77,000 Gross profit would beQuestion 45 options: 1) $77,000. 2) $64,000. 3) $70,000. 4)$83,000.

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