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The following list of accounts is from the adjusted trial balance for Sheffield Corporation:Accounts payable$ 3 0 9 , 8 8 0 Accounts receivable 1

The following list of accounts is from the adjusted trial balance for Sheffield Corporation:Accounts payable$309,880Accounts receivable153,340Accumulated depreciation-buildings90,260Accumulated depreciation-squipment186,140Advertising expenses91,640Buildings350,960Cash58,220Common shares188,600Cost of goods sold913,460Deferred revenue26240Depreciation expense154110Equipment774,900Income tax expense50.020Interest erpen95,940InventoryLand190,240Loan payable (due in 2 years)902,000Prepaid expenses1,599,000Property tax payable23,780Refund liability14,76017,220Salaries expense636.32021,320Salaries payable2,151,680(a)Sales>Determine the amount of Sheffield's gross profit.Gross profit
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