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You have been presented with the following information from the books of Sanders and Company for the year ended Dec 31, 2011. Use this information to help you complete each of the steps below.
Sales=$3,000,000
Office Salaries=$15,000
Rental Revenue=$85,000
COGS=$1,500,000
Utilities Expense=$25,000
Dividend Revenue=$65,000
Advertising Expense=$30,000
Insurance Expense=$10000
Interest on Bonds=$12,000
Depreciation of Sales Equipment=$24,000
Officers Salaries=28,000
Travel and Entertainment=$29000
Legal Fees=$32,000
Misc Office Expense=$8,000
Freight Out=$5000
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