A company had expenses other than cost of goods sold of $$270,000.$ Determine sales and gross profit given cost of goods sold was $$110,000$ and net income was $$170,000.$

Multiple Choice

Sales: $$380,000$; gross profit: $$60,000$

Sales: $$550,000$; gross profit: $$60,000$

Sales: $$440,000$; gross profit: $$550,000$

Sales: $$550,000$; gross profit: $$440,000$

Sales: $$380,000$; gross profit: $$170,000$