how did we get that answer

the gross profit of the year ended in december 2019

\begin{tabular}{|l|r|l|c|} \hline Cost of goods sold & 102,000 & Rent expense & 18,000 \\ \hline Loss on sale of investments & 14,000 & Sales returns & 7,500 \\ \hline Insurance expense & 24,000 & Sales & 225,000 \\ \hline Salary expense & 30,000 & Interest expense & 6,000 \\ \hline Administrative expense & 25,000 & Income tax expense & 10,950 \\ \hline Uneamed revenue & 24,600 & Prepaid rent & 8,550 \\ \hline Sales discount & 5,000 & Salary Expense Payable & 16,500 \\ \hline Account Receivable & 20,000 & Gain on sale of shares & 3,000 \\ \hline \end{tabular} 12. The gross profit for the year ended 31st December 2019 is: $13,500 nent/do/content/assessment?action=MODIFY\&course id =274561_1& contei Test Canvas: ACC 202_Common Assessment_Test ( " "Web $110,500 $237,500