A company reported the following: Cost of Goods Sold $200,600 General, Selling, and Administrative Expenses 52,860 Income Tax Expense 3,660 Inventory Net Income Sales Revenue 17,000 23,220 285,500 Sales Discounts 2,780 Sales Returns & Allowances 2,380 What is the amount of gross profit? Multiple Choice $55,000 $41,200 $43,400 $79,740