Question 2 of 7 < > View Policies Current Attempt in Progress The following list of accounts is from the adjusted trial balance for Ayayai Corporation: Accounts payable $158,120 Equipment $1,115,100 Accounts receivable 220,660 Income tax expense 71,980 Accumulated depreciation-buildings 115,640 Insurance expense 138,060 Accumulated depreciation-equipment 267,860 Inventory 273,760 Advertising expenses 132,160 Land 1,298,000 Buildings 505,040 Loan payable (due in 2 years) 2,301,000 Cash 83,780 Prepaid expenses 34,220 Common shares 271,400 Property tax payable 21,240 Cost of goods sold 1,314,520 Refund liability 24,780 Deferred revenue 37,760 Salaries expense 915,680 Depreciation expense 221,840 Salaries payable 30,680 Sales 3,096,320 (a) Determine the amount of Ayayai's gross profit. (b) Gross profit $ eTextbook and Media Save for Later -/5 E! Attempts: 0 of 3 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above.