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Is there a Net Loss or Net Profit? Also what is the gross profit percentage? Accounts Payable $10,000 Accounts Receivable 11,000 Advertising Expense 12,000 Cost

Is there a Net Loss or Net Profit? Also what is the gross profit percentage?

Accounts Payable $10,000
Accounts Receivable 11,000
Advertising Expense 12,000
Cost of Goods Sold 89,000
Delivery Expense 6,000
Insurance Expense 1,000
Interest Expense 2,000
Merchandise Inventory 20,000
Rent Expense 12,000
Sales 160,000
Sales Discounts 11,000
Sales Returns and Allowances 19,000
Unearned Revenue 2,000

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