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Hansen Company has prepared a budgeted income statement. Reported were the following amounts. 1. Sales...

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Accounting

Hansen Company has prepared a budgeted income statement. Reported were the following amounts. 1. Sales revenue - $350,000 2. Cost of goods sold - $175,000 3. Variable operating expenses - $55,000 4. Fixed operating expenses - $11,000 What is the gross profit amount? (Points : 2)

$109,000

$164,000

$175,000

$284,000

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