7. Selected financial information is presented below: Gross Profit is A) Gross Profit is $122,000 and Net Income is $90,000. B) Gross Profit is $126,000 and Net Income is $90,000. C) Gross Profit is $126,000 and Net Income is $94,000. D) Gross Profit is $130,000 and Net Income is $98,000. 7. Selected financial information is presented below: Gross Profit is A) Gross Profit is $122,000 and Net Income is $90,000. B) Gross Profit is $126,000 and Net Income is $90,000. C) Gross Profit is $126,000 and Net Income is $94,000. D) Gross Profit is $130,000 and Net Income is $98,000