Business, 02.09.2021 18:50, noname857

The following information was taken from the accounting records of XYZ Company for the period ended January 31, 2026: Cash $29,000 Retained Earnings $34,000 (at January 1, 2026) Advertising Expense $17,000 Cost of Goods Sold $24,000 Rental Revenue $15,000 Copyright $28,000 Supplies $21,000 Equipment $18,000 Accounts Payable $50,000 Common Stock $96,000 Accumulated Depreciation $26,000 Accounts Receivable $70,000 Wages Payable $10,000 Income Tax Expense $12,000 Inventory $46,000 Dividends $ 7,000 Wage Expense $14,000 Sales Revenue $98,000 Patent $ 8,000 Building $35,000 Calculate XYZ Company's gross profit for the month of January.

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The following information was taken from the accounting records of XYZ Company for the period ended...