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Legends Pty Ltd provides the following account balances: Cash at bank $56,109 Sales $295,212 Advertising expense $ 5,210 Wages and Salaries $41,210 Cost of

 

Legends Pty Ltd provides the following account balances: Cash at bank $56,109 Sales $295,212 Advertising expense $ 5,210 Wages and Salaries $41,210 Cost of goods sold $96,556 Supplies expense $650 Pre-paid rent $2,000 Wages payable $2,980 Rent expense $2,000 Dividends paid $26,500 Required: The Net profit for the period is:

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