Financial information is presented below:

Operating expenses	$ 50000
Sales returns and allowances	6000
Sales discounts	5000
Sales revenue	140000
Cost of goods sold	86000

The amount of net sales on the income statement would be

$134000.

$140000.

$129000.

$135000.

Financial information is presented below:

Operating expenses	$ 42000
Sales returns and allowances	3000
Sales discounts	8000
Sales revenue	140000
Cost of goods sold	98000

Gross Profit would be

$31000.

$45000.

$42000.

$39000.

Financial information is presented below:

Operating expenses	$ 39000
Sales returns and allowances	4000
Sales discounts	9000
Sales revenue	148000
Cost of goods sold	111000

The gross profit rate would be

0.18.

0.82.

0.25.

0.16.

Financial information is presented below:

Operating expenses	$ 49000
Sales returns and allowances	9000
Sales discounts	2000
Sales revenue	204000
Cost of goods sold	99000

The amount of net sales on the income statement would be

$204000.

$202000.

$195000.

$193000.

Financial information is presented below:

Operating expenses	$ 49000
Sales returns and allowances	9000
Sales discounts	2000
Sales revenue	204000
Cost of goods sold	99000

The amount of net sales on the income statement would be

$204000.

$202000.

$195000.

$193000.

Financial information is presented below:

Operating expenses	$ 49000
Sales returns and allowances	9000
Sales discounts	2000
Sales revenue	204000
Cost of goods sold	99000

The amount of net sales on the income statement would be

$204000.

$202000.

$195000.

$193000.