Question: I am looking for help with this general accounting question using proper accounting standards. Mountain View Manufacturing has gross sales of $45,000 for the year.

I am looking for help with this general accounting question using proper accounting standards.

Mountain View Manufacturing has gross sales of $45,000 for the year. Its cost for the goods sold is $25,000. Returns and allowances amounted to $3,000. They purchased new machinery normally selling for $15,000 at a 25% discount. Based on these facts, what is its grossincome for the year

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