what is the gross profit for the year?

2 pts The records of ABC Co. showed the following information: Increase in accounts receivable 50,000 Collections on accounts 400,000 Cash sales 60,000 Increase in inventory 20,000 Freight- in 7,000 Freight- out 6,500 Decrease in accounts payable I 30,000 Disbursements for purchases 240,000 Purchase discounts 2.000 6. The gross profit for the year 313,000 197.000 zero 510,000