REQUIRED: Using the accounts provided, calculate the gross profit Accounts Payable $ 27 Accounts Receivable 23 Accumulated Amortization 64 Allowance for Doubtful 2 Accounts Cash 10 Cost of Goods Sold 687 J. Panzie, Capital 431 J. Panzie, Withdrawals 89 Equipment 180 Interest Earned 4 4 Inventory 111 Rent Expense 160 Salaries Expense 155 Sales Discounts 12 Sales Returns and Allowances 32 Sales 1,071 Supplies 14 Unearned Sales 13