What is the amount of gross profit for the do you look store for the year ended November 30, 2017?

P5-3A The Deluxe Store is located in midtown Madison. During the past several years, net Prepare financial statements income has been declining because of suburban shopping centers. At the end of the compa- and adjusting and closing ny's fiscal year on November 30, 2017, the following accounts appeared in two of its trial entries. balances. (LO 4, 5) Unadjusted Adjusted Unadjusted Adjusted Accounts Payable Accounts Receivable s 25,200 25,200 Inventory $ 29,000 29,000 37,000 3,500 2,500 2,500 15,000 61,700 96,000 11 ,000 4,500 8,000 700,000 700,000 8,500 30,500 Accumulated Depr-Equip. 34,000 45,000 Prepaid Insurance 26,000 40,000 30,500 Notes Payable 37,000 . 10,500 Cash Common Stock Cost of Goods Sold Dividends Freight-Out Equipment Depreciation Expense Insurance Expense Interest Expense Interest Revenue 26,000 40,000 Property Tax Expense Property Taxes Payable 07,000 507,000 Rent Expense 10,000 6,500 146,000 15,000 61,700 96,000 6,500 10,000 Retained Earnings 6,500 Salaries and Wages Expense Sales Commissions Expense Sales Commissions Payable Sales Returns and Allowances Sales Revenue Utilities Expense 146,000 11,000 7,000 6,400 8,000 8,000 6,400 8,000 8,500