hull company reported the following income statement information for the current year.

sales 430000

cost of goods sold:

beginning balance 162000

cost of goods purchased 293000

cost of good available for sale 455000

ending inventory 164000

cost of goods sold 291000

gross profitt 139000

the beginning inventory balance is correct. however, the ending inventory figure was overstated by 20000. Given information, the correct gross profit would be:

Multiple choice

$119000

$142000

$159000

$112000

$139000