Cost of Goods Sold General, Selling, and Administrative Expenses Income Tax Expense Inventory Net Income Sales Revenue (excluding discounts, returns, and allowances) Sales Discounts Sales Returns & Allowances $234,000 10,000 8,600 25,500 119,900 380,000 4,600 2,900 What is the amount of gross profit? Multiple Choice O $146,000 $128,500 O $138,500 $129,900