Intermediate

12. What would be the balance of "Sales revenues" if you know that "Gross profit" equals $ 2,000,000, and "Sales discounts, returns and allowances" equals $ 500,000, and "Cost of goods sold" equals $ 1,000,000? (3 Points) O $ 500,000 O $3,500,000 None of provided answers is correct O $3,000,000