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A company reported the following: Cost of Goods Sold General, Selling, and Administrative Expenses Income Tax Expense Inventory Net Income Sales Revenue $200,200 52,820 3,620

A company reported the following: Cost of Goods Sold General, Selling, and Administrative Expenses Income Tax Expense Inventory Net Income Sales Revenue $200,200 52,820 3,620 27,000 22,780 284,500 31 Sales Discounts Sales Returns & Allowances What is the amount of gross profit? Multiple Choice $79,220 $92,700 $105,000 $37,450 2,740 2,340

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