Spring 2022 Module 2 - Make sure to show your work as that is how I assess your understanding of the material. You will need to combine some of your knowledge from Module 1 herein. 1. (4 Points) During the current year, merchandise is sold for $45,000 cash and $800,000 on account. The cost of the goods sold is $700,000. What is the amount of the gross profit? Sales 845,000 -COGS (*100,000 ) GP-Ravenue 145,000 boboto ob og