Hull Company reported the following income statement information for the current year: $ 411,000 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 $ 133,500 274,000 407,500 145,000 262,500 $ 148,500 The beginning inventory balance is correct. However, the ending inventory figure was overstated by $21,000. Given this information, the correct gross profit would be: O $127,500. O $169,500. ( ) $140,500. O $112,500. O $148,500