Hull Company reported the following income statement information for 2015:

	2015
Sales	$410,000
Cost of goods sold:
Beginning inventory	$132,000
Cost of goods purchases	273,000
Cost of goods available for sale	405,000
Ending inventory	144,000
Cost of goods sold	261,000
Gross profit	$149,000

The beginning inventory balance for Year 1 is correct. However, the ending inventory figure for Year 1 was overstated by $20,000. Given this information, the correct gross profit figure for 2015 would be:

$149,000.$169,000.$129,000.$142,000.$112,000.