Accounts receivable balance Year 1 Use the following information to answer questions 1-8 1,200,000 Accounts receivable balance Year 2 1,600,000 Net Credit Sales 18,250,000 Operating Expenses 9,125,000 Cost of Goods Sold 7,300,000 Net Income 1,825,000 Weighted average number of outstanding shares 912,500 Stock market price 30 Current assets 10,000,000 Current liabilities 5,000,000 Total assets 25,000,000 Total liabilities How much is gross profit? 1,825,000 10,950,000 912.000 9,125,000 15,000,000