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2020 2019 Net sales $1,810,600 $1,746,200 Cost of goods sold 1,012,200 984,000 Gross profit 798,400 762,200 Selling and administrative expenses
All sales were on account. Net cash provided by operating activities for 2020 was $225,000. Capital expenditures were $141,000, and cash dividends were $82,200.
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