Selected Accounts from Trial Balance Amount Merchandise inventory (ending) $56,500 Other (noninventory) assets 202,600 Total liabilities 42,500 Retained earnings 154,425 Dividends 3,000 Sales 300,650 Sales discounts 3,875 Sales returns and 10,000 allowances Cost of goods sold 115,600 Sales salaries expense 44,500 Rent expense-Selling space 16,000 Store supplies expense Office supplies expense 3,850 1,100 Required: Compute the company's gross margin "gross profit." Round to the nearest whole dollar, i.e. $122,879.50 would be 122,880