Blanton is preparing their multi-step income statement and have downloaded their income statement accounts. Two accounts were downloaded incorrectly and do not belong on the income statement (HINT: you have to identify the wrong accounts). These two replace the wrong accounts shown: Selling Expense, 40,000 Sales Revenue 581,000 What is Blanton Co's gross profit for the period? Enter your response as a whole number, no commas and no dollar sign.

$45,000 Accounts Payable Cost of Goods Sold 230,000 Gain on Sale of Equipment 15,000 General and Admin Expense 160,000 Loss from Discontinued Ope 10,500 Salaries Payable 20,000 Tax Expense 60,000