Question: The following list of accounts is from the adjusted trial balance for Monty Corporation. Accounts are given at the bottom. Was wondering how to find the gross profit from these accounts.

Accounts payable

$ 128,640

Equipment

$ 907,200

Accounts receivable

179,520

Income tax expense

58,560

Accumulated depreciationbuildings

94,080

Insurance expense

112,320

Accumulated depreciationequipment

217,920

Inventory

222,720

Advertising expenses

107,520

Land

1,056,000

Buildings

410,880

Loan payable (due in 2 years)

1,872,000

Cash

68,160

Prepaid expenses

27,840

Common shares

220,800

Property tax payable

17,280

Cost of goods sold

1,069,440

Refund liability

20,160

Deferred revenue

30,720

Salaries expense

744,960

Depreciation expense

180,480

Salaries payable

24,960

Sales

2,519,040