Question: You will need to know the amounts for net sales, gross profit, opera- income, and net income after taxes. Adjusted Trial Balance As of 12/31/20xx

 You will need to know the amounts for net sales, gross
profit, opera- income, and net income after taxes. Adjusted Trial Balance As

You will need to know the amounts for net sales, gross profit, opera- income, and net income after taxes. Adjusted Trial Balance As of 12/31/20xx Accounts Normal Account Balance $25,720 24,500 |3,000 Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Deferred Revenue Common Stock Retained Earnings Service Revenue Sales Discounts Cost of Goods Sold Rent Expense Interest Expense Income Tax Expense |35,000 10,000 50,000 10.000 75,000 1.112 50.194 15.175 4.000 3.000 Multi-Step Income Statement Question: Based on the Multi-step Income Statement you prepared on your scratch paper, what is the amount of "Gross Profit" on the Multi-step Income Statement for the period ending 12/31/xX? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123

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