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Using the following information, compute GROSS PROFIT. Cost of Goods Sold $ 6,000 Interest Expense 1,100 Selling and Administrative Expense 750 Cash 400 Sales 10,000

Using the following information, compute GROSS PROFIT.

Cost of Goods Sold $ 6,000

Interest Expense 1,100

Selling and Administrative Expense 750

Cash 400

Sales 10,000

Accrued Wages Payable 250

Dividends 700

Retained Earnings (beginning) 1,000

Income Tax Expense 1,200

  • $5,100
  • $3,250
  • $2,150
  • $4,000
  • $4,400

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