GB519 UNIT 2 Lab Purdue Company Income Statement Exercise 3-25 (Part Level Submission) The following is Sandhill Company’s income statement for the past y

GB519 UNIT 2 Lab Purdue Company Income Statement Exercise 3-25 (Part Level Submission)

The following is Sandhill Company’s income statement for the past year.

Sales revenue $710,000
Cost of goods sold 426,000
Gross margin 284,000
Operating expenses 100,000
Operating income $184,000

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