Question: Please help me solve this. Show proper solution and indicate the labels of the answers. Presented below are excerpts from the income statements of Jesse

Please help me solve this. Show proper solution and indicate the labels of the answers.

Presented below are excerpts from the income statements of Jesse Company for the years ended December 31, 2016 and 2015: 2015 2016 Sales P640,000 P633,600 Cost of goods sold 384,000 371,712 Gross profit P 256.000 P 261.888

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