CALCULATOR Exercise 5-18 a-b (Part Level Submission) On January 1, 2020, Oriole Corporation had inventory of $52,000. At December 31, 2020, Oriole had the following account balances. Freight-in $4,100 Purchases 504,000 Purchase discounts 6,350 Purchase returns and allowances 3,150 Sales revenue 803,000 Sales discounts 5,400 Sales returns and allowances 10,300 At December 31, 2020, Oriole determines that its ending inventory is $62,000. (a) Your answer is incorrect. Try again. Compute Oriole's 2020 gross profit. Gross profit 498600 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT indvgen/sharadiassignmeat/test/aglist.unizidetsamt22585624N102A3 Attempts: 2 of 3 used SAVE FOR LAER