A company had 270,000 in sales; 150,000 in goods available for sale; ending finished goods inventory of 30,000,

and selling and administrative expenses of 65,000. Which of the following statements is true?

	a.	Net income was 28% of sales
	b.	The beginning finished goods inventory is not determinable.
	c.	The costs of goods sold was 137,000
	d.	The gross income was 93,000