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The following selected amounts were extracted from financial statements of the Oswald Corporation:

The following selected amounts were extracted from financial statements of the Oswald Corporation:                                                             Year 1              Year 2             Year 3              Year_4                  Sales                                 $250,000            240,000          275,000                  Cost of Goods Sold             100,000            125,000          135,000                  Gross Margin                      150,000            115,000          140,000Assuming a 25% increase in sales in Year 4 and a 10% increase in Cost of Goods Sold — how much should Gross Margin be in Year 4?

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