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Based on the following accounts and their balances, what is the total amount of Gross Profit that would appear on the financial statement? (Enter answer

image text in transcribed Based on the following accounts and their balances, what is the total amount of Gross Profit that would appear on the financial statement? (Enter answer as follows: example, \$1,000) \$504 Bad Debt Expense \$748 Prepaid Insurance $639 Sales Discount \$424 Allowance for Uncollectible Accounts $56,271 Building $1,783 Patent $1,657 Sales Returns $13,233 Accumulated Depreciation $582 Accounts Payable $24,241 Sales Revenue $2,767 Accounts Receivable $9,208 Cost of Goods Sold $983 Sales Allowance $14,723 Cash

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