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Using the financial information presented below: -Operating Expenses $55,000 -Sales Returns and Allowances 13,000 -Sales Discount 6,000 -Sales 160,000 -Costs of Goods Sold 77,000 The amount of net sales on the income statement would be? A. $154,000 B. $160,000 C. $141,000 D. $166,000
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