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

Sales Revenue	$ 545 comma 000$545,000
Purchases (excluding Freight In)	317 comma 000317,000
Selling and Administrative Expenses	34 comma 50034,500
Freight In	15 comma 50015,500
Beginning Merchandise Inventory	41 comma 50041,500
Ending Merchandise Inventory	58 comma 00058,000

How much is the gross profit for the year?

A.

$ 229 comma 000$229,000

B.

$ 316 comma 000$316,000

C.

$ 228 comma 000$228,000

D.

$ 263 comma 500