Question: answer with showing all working 7. What would be the balance of Sales discounts, returns and allowances if you know that Gross profit equals $

answer with showing all working answer with showing all working 7. What would be the balance of

7. What would be the balance of "Sales discounts, returns and allowances" if you know that "Gross profit" equals $ 3,000,000, and "Sales revenues" equals $ 4,500,000, and "Cost of goods sold" equals $ 1,000,000? * (3 Points) $ 500,000 $ 1,500,000 None of provided answers is correct O $ 2.500.000

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