Anita Lupino is planning to open her own toy and game shop. She has conducted a great deal of research at the local library, contacted the industry trade association, and has set up a meeting with a consultant at the SBDC next week. Before she goes to the Small Business Development Center, she wants to sketch out an estimated income statement. She reviews the following data from RMA's Annual Statement Studies: Costs of Goods Sold: 57.3 percent of net sales Gross Margin: 42.7 percent of net sales Operating Expenses: 32.9 percent of net sales If Anita's research suggests that she can expect (net) sales of $475,000, what (net) profit could she expect? $202,825 $46,550 $50,550 $156,275