EE 6-1 PE 6-1A Gross profit OB). 1 During the current year, merchandise is sold for $615,000 cash and $4,110,000 on account. The cost of the merchandise sold is $2,835,000 What is the amount of the gross profit? SHOW ME HOW O Search PR 6-1A Template Cespedes, Nelson - Compatibility Mode - Excel AutoSave ON Data Review View Help Formulas File Home home Insert Page Layout X Cut Arial 25 Wrap Text 10 - A A LOCO copy Merge & Center - $ - % *38-98 Conditional For Formatting Paste BIU Format Painter Number Alignment Font Clipboard > 1 D26 K J L O M 1 P Q R AB D E F G H 10 Cells with non-gray backgrounds are protected and cannot be edited. 11 An asterisk (*) will appear to the right of an incorrect entry. Essay answers will not be graded 12 CARPET LAND CO. Income Statement For the Year Ended October 31, 2012 13 1. 14 15 16 17 18 19 20 21 Revenue from sales Less Net sales Cost of merchandise sold Gross profit Expenses Selling expenses 23 24 25 26 27 28 29 30 31 32 33 34 Select accounts from the drop- down list Forumpenses Administrative expenses 36 37 38 39 40 41 42 43 Total administrative expenses Total expenses Income from operations Other expense Net income 44 45 46 2. 47 CARPET LAND CO. Statement of Owner's Equity Pr. 61A Type here to search O X MEGA 21.5" HD LCD DO