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Question - Aggie Corp. is a merchandising company that uses the periodic inventory system. Selected account balances are listed below:
Sales Revenue $150,000
Purchases 90,000
Inventory (beginning) 20,000
Inventory (ending) 14,000
Purchase Returns & Allowances 5,000
Purchase Discounts 7,000
Freight-In 4,000
Sales Discounts 8,000
Sales Returns & Allowances 5,000
Freight-Out 2,000
Required - What is the amount of Aggie's net sales?
A. 139,000
B. 145,000
C. 137,000
D. 135,000
E. 150,000
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