2,400 27,700 Sales discounts Cost of goods sold Sales salaries expense Sales revenue Sales returns and allowances 3,600 Income taxes 10,000 Advertising expense 7,200 Administrative Salaries expense 8,300 9,600 88,000 If this information was used to prepare an income statement, Gross Profit should be: Select one: a. 60,300 b. 82,000 c. 51,900 d. 54,300 e. 48,300 :counts Accounts ish 30,000 Share capital-ordinary 60,000 10,000 Prepaid rent 5,000 :cumulated depreciation -equipment otes payable (Due in 4 months) ng term investment 14,400 3,600 Accounts payable Salaries and Wages payable 37,320 900 this information was used to prepare a statement of financial sition, Total current liabilities should be: lect one: a. 3,600 b. 14,400 c. 78,000 d. 18,900 e. 96.000