A9 -jY Corporation reported the following account balances at December 31, 2029: Depreciation Expense $14 ,000 Copyright
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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 Calculate the amount of gross profit reported by A9-jY Corporation in its 2029 income statement.
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