Question 1 Merchandise Inventory $ 250,000 Cost of goods sold $ 1,523,000 Insurance expense $ 100,000 Land $ 100,000 Bond financing $ 400,000 Advertising expense $ 145,000 Sales $ 2,486,000 Taxes payable $ 26,000 Equipment $ 445,000 Cash $ 79,000 A/Receivable $ 120,000 Sales Salary expense $ 240,000 Office salary expense $ 165,000 Short term investments $ 65,000 Buildings $ 750,000 A/Payable $ 164,000 Notes payable $ 75,000 Common stock $ 475,000 Retained earnings $ 544,000 Accumulated depreciation $ 125,000 Depreciation expense $ 102,000 Supplies expense $ 26,000 Use the account info to directly solve for the answers. Be sure to show the calculations and accounts involved. Gross profit/margin (in $)= __________ Total long-term assets = __________ Total liabilities = _______________ Income before taxes= ____________ Total Equity = ________________ asap please