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You own the Juno Corporation and your accounting department has given you the following information for the current year. Account: Amount: Depreciation Expense $10,000 Cost
You own the Juno Corporation and your accounting department has given you the following information for the current year. Account: Amount: Depreciation Expense $10,000 Cost of Goods Sold 250,000 General and Administrative Expenses 200,000 Gain on Sale of Equipment 30,000 Interest Expense 2.500 Advertising Expense 25,000 Interest Income 6,000 Loss on Sale of Land 22,000 Sales 1,000,000 Income Tax Expense 110,565 Calculate Juno Corporation's gross profit. Round your answer to the nearest dollar
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