A retailer recorded an annual sales revenue of $423,000. During the year, it reported sales discounts of $5,500, cost of goods sold of $213,000, operating expenses of $101,000, sales returns of $5,500, and freight out of $8,500. What is the retailer's gross profit for the year? Select one: a. $198,600 O b. $198,000 C. $199,000 d. $206,500 O e. $210,900