21. From the following details, calculate gross profit for Sydneys Sales Co. Net Sales Revenue $440,000 Cost of Goods Sold 250,000 Operating Expenses 75,000 Interest Revenue 7,000 A) $155,000 B) $412,000 C) $405,000 D) $190,000

22. Ryans Games, Inc. purchased 100 puzzles for $30 each on January 31. It purchased 170 puzzles for $25 each on February 28. It sold 170 puzzles for $70 each from March 1 through December 31. If Ryans Games uses the first-in, first-out inventory (FIFO) costing method, what is the amount of Cost of Goods Sold on the income statement for the year ending December 31? (Assume a perpetual inventory system.) A) $3,000 B) $4,250 C) $4,750 D) $7,250