Financial information is found below for Trinity Company. What is the gross profit? Sales Revenue: $192,000 Sales Returns and Allowances: ??? Net Sales Revenue: $162,000 Cost of Goods Sold: $55,500 Gross Profit:????? Operating Expenses: $35,000 Net Income: ????? a) $162,000 b) $106,500 c) $71,500 d) $65,000 Question 4 (1 point) Performing a service for a client on account will a) increase one asset and decrease another asset b) decrease an asset and decrease a liability. c) increase an asset and decrease equity. d) increase an asset and increase equity. Question 5 (1 point) An adjusting entry for bad debts willl generally a) increase an expense account and decrease an asset account. b) increase an expense account and increase an asset account. c) increase an expense account and increase a contra-asset account. d) increase an expense account and increase a liability account