It costs Homer's Manufacturing $0.75 to produce baseballs and Homer sells them for $4.00 a piece. Homer pays a sales commission of 5% of sales revenue to his sales staff. Homer also pays $12,000 a month rent for his factory and store, and also pays $75,000 a month to his staff in addition to the commissions. Homer sold 67.500 baseballs in June. If Homer prepares a traditional income statement for the month of June, what would be his gross profit? $219,375 $50,625 $320,625 $270, 000