Full Company reported the following income statement information for the current year: $ 429,000 Sales Cost of goods sold: Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Gross profit $ 160,500 292,000 452,500 163,000 289,500 $ 139,500 The beginning inventory balance is correct. However, the ending inventory figure was overstate nformation, the correct gross profit would be: Multiple Choice $178,500. $178,500 O $100,500. $121,500 $139,500. $113,500. Hull Company reported the following income statement information for the current year $ 429,000 Sales Cost of goods sold: Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Gross profit $ 160,500 292,000 452,500 163,000 289,500 $ 139,500 The beginning inventory balance is correct. However, the ending inventory figure was overstated by $39,000. Given this information, the correct gross profit would be: Multiple Choice $178,500