Selected Accounts from Trial Balance Merchandise inventory (ending) Other (noninventory) assets Total liabilities Retained earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense-Selling space Store supplies expense Office supplies expense Amount $ 56,500 202,600 42,500 154,425 3,000 319,650 3,875 18,000 115,600 44,500 16,000 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.