Jim, a retail merchant, reported the following on his 2010 return: Sales ..............................................$200,000 Cost of Goods Sold ............................ 80,000 Gross Profit ......................................$120,000 What amount must be omitted from income for the six-year-statute of limitations to apply? A) $30,000 B) $20,000 C) More than $50,000 D) More than $30,000