Herman and his wife had the following stock sales in the current tax year. Stock Name and # of Shares Cost Basis Gross Proceeds 1,000 shares of MLC stock $13,000 $39,000 7,500 shares of JMH stock $67,500 $52,500 1,750 shares of VNC stock $10,500 $15,750 500 shares of HJK stock $7,500 $22,500 2,945 shares of STI stock $88,350 $73,625 What is the gross profit from the stock sales? a) $ 16,525 b) $186,850 c) $ 46,250 d) $203,375