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following trial balance. Debit Credit Cash $17,000 Accounts Receivable 44,000 Merchandise Inventory 50,000 Supplies 16,000 Land 330,000 Accounts Payable $4,000 Notes Payable 24,000 Strong, Capital

following trial balance. Debit Credit Cash $17,000 Accounts Receivable 44,000 Merchandise Inventory 50,000 Supplies 16,000 Land 330,000 Accounts Payable $4,000 Notes Payable 24,000 Strong, Capital 359,000 Strong, Withdrawals 5,000 Sales Revenue 441,000 Cost of Goods Sold 220,000 Salaries Expense 17,000 Utilities Expense 68,000 Rent Expense 56,000 Interest Expense 5,000 Totals $828,000 $828,000 How much is the gross profit? A. $80,000 OB. $75,000 C. $70,000 OD. $221,000

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