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  3. construct a skeletal profitandloss statement calculate profit or loss cross...

Question: construct a skeletal profitandloss statement calculate profit or loss cross...

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Construct a skeletal profit-and-loss statement. Calculate profit or loss. Cross out the incorrect work (profit/loss).

Gross Sales $341,420

Customer Returns $29,870

Cost of Merchandise Sold $161,570

Expenses $131,140

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