Short Answer
Calculate (A)net sales, (B)gross profit (C)total operating expenses, and (D)net income.
Sales returns $600, rent expense $1,700, sales discounts $1,800, depreciation expense $490, cost of merchandise sold $7,200, gross sales $19,900, advertising expense $650, salary expense $2,500, heat expense $850.
Correct Answer:

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A. 19,900 - 600 - 1,800 = 17,5...View Answer
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