Prepare a Gross Profit section of the income statement on this Adjusted Trial Balance? The physical

Prepare a Gross Profit section of the income statement on this Adjusted Trial Balance? The physical Inventory Amount at the end of the year is $75000 and the Company uses the Periodic System! And one adjustment has NOT been made.

Cash (15,000cr)

Accounts Receivable (29,000dr)

Inventory 1/1/2010 (100000dr)

Prepaid Insurance (7000dr)

Office Supplies (3000dr)

Equipment (75000dr)

Accumulated depreciation (8500cr)

Accounts Payable (12000cr)

Salaries Payable (2000cr)

Unearned Service revenue (25000cr)

Mortgage payable (100000cr)

Mark Wilson, capital (85000cr)

Mark Wilson withdrawals (23000dr)

Sales revenue (389000cr)

Sales Returns (12000dr)

Sales Discounts (36000dr)

Purchases (180000dr)

Purchase Returns (26000cr)

Purchase Discount. (52000cr)

Freight in (11000dr)

Salaries Expense (150000dr)

Depreciation Expense (6000dr)

Supplies Expense (4000dr)

Insurance exp (14000dr)

Utilities exp (35000dr) =700000  SOLUTION