Homework#7b: Instructions: Calculate Gross Profit and Gross Profit Ratio (CHS Learning Objective 5.6 Ratio Analysis) Lincoln Corporation reported the following amounts at December 31, 2018: net sales revenue S184,000; ending inventory $11,600; beginning inventory S17,200; purchases $60,400 at 1/10, n/30; purchase returns and allowances $1,100; and freight-in $600. (round to one decimal place) A. $119,693 and 65.1% B. $76,507 and 41.6% c. $119,093 and 64.7% D. $75,907 and 41.3% 10