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Silent Knights had the following financial statement excerpts: Silent Knights Balance Sheet as at 12/31/19 2019 2018 Cash $ 36,000 $ 29,600 Accounts Receivable, gross

Silent Knights had the following financial statement excerpts:

Silent Knights

Balance Sheet

as at 12/31/19

2019

2018

Cash

$ 36,000 $ 29,600

Accounts Receivable, gross

45,000 37,000

Allowance for Uncollectible Accounts

(5,000) (4,000)

Silent Knights

Income Statement

for the year ending 12/31/2019

Sales (40% on account, 60% cash sales)

$ 300,000

Cost of Goods Sold

210,000

Uncollectible account expense

10,000

Interest expense

2,000

For the year 2019, what is Silent Knights':

Gross Profit?

Write-offs on accounts receivable

Cash collected from credit customers

Accounts Receivable (Net)

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