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6 A company reported the following: Cost of Goods Sold $ 200,000 General, Selling, and Administrative Expenses 52,800 Income Tax Expense 3,600 Inventory 12,000 Net
6 A company reported the following: Cost of Goods Sold $ 200,000 General, Selling, and Administrative Expenses 52,800 Income Tax Expense 3,600 Inventory 12,000 Net Income 22,560 Sales Revenue 284,000 Sales Discounts 2,720 Sales Returns & Allowances 2,320 What is the amount of gross profit? $84,000 $78,960 $26,160 $75,360
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