24 of 25 10 The Bright Light Electrical Supply Company has sales revenue of $435,000, cost of goods sold of $175,000, other expenses of $50,000, and a gain on the sale of a truck of $24,000. Which of the following statements is true? O Gross profit is $225,000, and net income is $234,000, O Gross profit is $110,000, and net income is $234,000. O Gross profit is $260,000, and net income is $234,000, Gross profit is $170,000, and net income is $234,000