Calculate the amount of gross profit reported

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Question - A9-jY Corporation reported the following account balances at December 31, 2029:

Depreciation Expense $14,000

Copyright $16,000

Gain on Sale of Building $18,000

Dividends $19,000

Utilities Payable $20,000

Rental Revenue $23,000

Income Tax Expense $24,000

Cash $28,000

Utilities Expense $31,000

Accumulated Depreciation $32,000

Supplies $33,000

Retained Earnings $41,000 (at January 1, 2029)

Unearned Revenue $42,000

Cost of Goods Sold $43,000

Accounts Receivable $44,000

Accounts Payable $49,000

Land $56,000

Notes Payable $60,000

Inventory $64,000

Common Stock $72,000

Equipment $79,000

Sales Revenue $94,000

Required - Calculate the amount of gross profit reported by A9-jY Corporation in its 2029 income statement.

Reference no: EM132651768

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