Hull Company reported the following income statement information for the current year 19 Sales Cost of goods sold: Beginning inventory Cost of goods parchased Cost of goods available for sale Ending inventory Cost of goods sold Gross profit $428,000 $159,000 291,000 458,088 162,000 288,000 140,000 The beginning inventory balance is correct. However, the ending inventory figure was overstated by $38,000 Given thts information, the correct gross profit would be Mutiple Choice 2,000 $140,000