Refer to the following adjusted trial balance. Woods Company Adjusted Trial Balance For the Year Ended December 31, 2019 Cash $45,000 Accounts receivable 50,000 96.000 100,000 $20,000 56.000 181.000 Inventory Equipment Accumulated depreciation, equipment Accounts payable Common Stock Retained Earnings Dividends Net Sales revenue Cost of goods sold Administrative expenses Selling expenses 20.000 36.000 400,000 260,000 42.000 38.000 10,000 interest expense Total 5732.000 5732.000 What is gross profit? $425.000 $400,000 $140.000 550.000