The following information is provided for Kelly Plumbing Supply: Cash received from customers during December 2017 Cash paid to suppliers for inventory during December 2017 $387,000 131,000 Cash received from customers includes all $139,000 of the accounts receivable that were outstanding at 11/30/17. Accounts receivable at 12/31/17 was $141,000. Accounts payable decreased by $19,000 from November 30, 2017 to December 31, 2017. The balance in inventory declined by $39,000 over the same period. Calculate gross profit for December 2017 under accrual accounting. (8 points)