Question: Income Statement Income Gross sales 5750000 Sales returns and allowances 200000 Net sales 5550000 Cost of goods sold 2300000 Gross profit 3250000 Dividends received from

Income Statement Income Gross sales 5750000 Sales returns and allowances 200000 Net sales 5550000 Cost of goods sold 2300000 Gross profit 3250000 Dividends received from stock investments in lessthan20 owned US corporations 43750 Interest

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