Booker Corporation had the following comparative current assets and current liabilities: Dec 31, 2017 Dec. 31. 2016 Current assets Cash $ 60,000 $ 30,000 Short-term investments 40,000 10,000 Accounts receivable 55,000 95,000 Inventory 110,000 90,000 35,000 20,000 Prepaid expenses Total current assets $ 300,000 $ 245,000 Current liabilities $ 140,000 $ 110,000 40.000 30,000 Accounts payable Salaries payable Income tax payable Total current liabilities 20.000 15.000 $200.000 S155,000 During 2017, credit sales and cost of goods sold were $750,000 and $400,000 respectively During 2017, credit sales and cost of goods sold were $750,000 and $400,000, respectively. Compute the Gross Profit for 2017. $300,000 O a. $35,000 O b. $350,000 Oc None of these Od