Question: I need help solving this general accounting question with the proper methodology. ABC Corporation has the following financial information: Selling Expenses $50,000 Cost of Merchandise

I need help solving this general accounting question with the proper methodology.

ABC Corporation has the following financial information: Selling Expenses $50,000 Cost of Merchandise Sold (COGS)|$530,000 Sales Returns and Allowances $5,000 Calculate the gross profit for ABC Corporation using the data provided

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