ayable Accounts Receivable Inventory Advertising Expense Cost of Goods Sold Delivery Expense Income Tax Expense Insurance Expense Rent Expense Sales Revenue Sales Discounts Sales Returns & Allowances $ 7,000 26,000 23,000 19,500 149,000 7,500 3,900 1,000 18,000 310,000 9,500 41,500 33 Gross profit would be: Multiple Choice $110,000 $106,400 $102,500 $140,000