Based on the following information from the income statement for Trailers Ltd., what was Trailers Ltd.'s Gross Profit? Sales Revenue $490,000 Advertising Expense 30,000 Interest Expense 20,000 Salaries Expense 85,000 Income Tax Expense 45,000 Cost of Goods Sold 270,000 $85.000 O $220.000 O $40,000 O $105,000 Question 13 3 pts Jameson's Warm Beverages Corp has beginning inventory for the year of $12,000. During the year, Jameson purchases inventory for $150,000 and ends the year with $20,000 of inventory. Jameson will report cost of goods sold equal to O $158,000 O $142.000 O $150,000 O $170.000