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Belstone, Inc. is a merchandiser of stone ornaments. It sold 15,000 units during the year. The company has provided the following information: UUTUUUU Calac Dowenue

Belstone, Inc. is a merchandiser of stone ornaments. It sold 15,000 units during the year. The company has provided the following information: UUTUUUU Calac Dowenue estion Viewer (excluding Freight In) Selling and Administrative Expenses Freight In Beginning Merchandise Inventory Ending Merchandise Inventory $ 505,000 345,000 36,500 15,800 42,000 59,000 How much is the gross profit for the year? A. $161,200 $160,000 C. $343,800 D. $197,700

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