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Joseph Czerniakow is the owner of a fish market. The following information summarizes Joseph's expenses for the year: Sales revenues: $250,000 Cost of goods sold:

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Joseph Czerniakow is the owner of a fish market. The following information summarizes Joseph's expenses for the year: Sales revenues: $250,000 Cost of goods sold: $105,000 Salaries: $ 84,000 Rent & Utilities: $ 24,000 Wages (part-time employees): $ 12,000 What is the gross profit? Please choose a response: $25,000 $145,000 $95,000 $1,000 None of the above

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