Middletown Company sold 16,000 jars of its organic honey in the most current year for $6 per jar. The company had paid $3.50 per jar of honey. (Assume that sales returns are nonexistent.) Calculate the following: 1. Sales revenue 2. Cost of goods sold 3. Gross profit 1. The sales revenue is 2. The cost of goods sold is 3. The gross profit is