On a previous sale of $3,000, Shark Co. accepts a return of $1,000 from its customer. The original cost of the goods returned was $450. The entry to record this return would include a debit to Sales Returns and Allowances in the amount of $1,000. Accounts Recelvable in the amount of 5450. Cost of Goods 5old in the amount of $450 Inventory in the amount of 51,000 . 2 A company shows the following balances: What is the gross profit? 5880,000