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Find and compute net sales

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Question 1: Using the following data, compute net sales.

Dividend Income $7,000

Gain on sale of old equipment $15,000

General Administrative Expenses $300,000

Gross Sales $2,000,000

Interest Expense $25,000

Interest Income $5,000

Sales Discounts $10,000

Sales Returns & Allowances $20,000

Selling Expenses $250,000

Reference no: EM132541162

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