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The follnwing is an extrart from the trial halanre of Ire Cn an entity as at 31 Deremher 901 : Note: Inventory valuation at 31

image text in transcribed The follnwing is an extrart from the trial halanre of Ire Cn an entity as at 31 Deremher 901 : Note: Inventory valuation at 31 December 20x1 was $30,000. Using the information provided, what was Ice Co's gross profit for the year ended 31 December 201 ? "Gross profit for the year ended 31 Dec 201 was $

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