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Question 17 Refer to the following trial balance: Not yet answered Debit Credit Cash $5,000 Marked out of 0.80 Accounts receivable 14,000 Flag question Inventory 20,000 Supplies 5,000 Land 100 000 Accounts payable $3,000 Notes payable 25,000 Smith, Capital 92.000 Srnith withdrawals 1000 sales revenues 164000 sales returns and anavances 5,000 Sales discounts 8.000 Cost of goods solid 80,000 5.000 incons Salaries expense tty expense 20.000 Remexem se 18000 Sales discounts 8,000 Cost of goods sold 80,000 Salaries expense 5,000 Utility expense 23,000 Rent expense 18,000 Interest expense 2,000 Totals $270,000 $270,000 How much is the gross profit? Select one: $150.000 $ 80,000 $ 75,000 $ 8.000 5000