The following list of accounts is from the adjusted trial balance for Pronghorn Corporation: Accounts payable $120,600 Equipment $850,500 Accounts receivable 168,300 Income tax expense 54,900 Accumulated depreciation-buildings 88,200 Insurance expense 105,300 Accumulated depreciation-equipment 204,300 Inventory 208,800 Advertising expenses 100,800 Land 990,000 Buildings 385,200 Loan payable (due in 2 years) 1,755,000 Cash 63,900 Prepaid expenses 26,100 Common shares 207,000 Property tax payable 16,200 Cost of goods sold 1,002,600 Refund liability 18,900 Deferred revenue 28,800 Salaries expense 698,400 Depreciation expense 169,200 Salaries payable 23,400 Sales 2,361,600 Your answer is correct. Determine the amount of Pronghorn's gross profit. Gross profit $ (b) eTextbook and Media Your answer is correct. 1359000 Determine the amount of Pronghorn's net income. Net income 230,400 Attempts: 1 of 3 used Determine the amount of Pronghorn's current assets and current liabilities. Total current assets $ Total current liabilities SA