Woods Company Adjusted Trial Balance For the Year Ended December 31, 2019 Cash $45,000 Accounts receivable 50,000 Inventory 96,000 Equipment 100,000 Accumulated depreciation, equipment $20,000 Accounts payable 56,000 Common Stock 181,000 Retained Earnings 20,000 Dividends 36,000 Net Sales revenue 400,000 Cost of goods sold 260,000 Administrative expenses 42,000 Selling expenses 38,000 Interest expense 10,000 Total $732,000 $732,000 What is gross profit