Hull Company reported the following income statement information for the current year: $ 429,000 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 $ 160,500 292, eee 452,500 163, eee 289,5ee $ 139,500 The beginning inventory balance is correct. However, the ending Inventory figure was overstated by $39.000. Given this information, the correct gross profit would be Multiple Choice $100,500 $139,500 $179 500 $1,500 $121. 500