Paper Clip Company sells office supplies. The following information summarizes the company's operating activities for the year. Utilities for the store Sales commissions Sales revenue Purchases of merchandise January 1 inventory Rent for store December 31 inventory $ 9,500 10,500 164,700 89.400 27.800 14,500 23,900 What is gross profit? O A. $40,900 OB. $58,400 OC. 586.200 OD. $71,400 Selected financial information for Greek Food Producers is presented in the following table (000s omitted) Beginning raw materials inventory $390 Ending raw materials inventory $190 Direct labor $290 Operating expenses $680 Purchases of direct materials $360 Beginning work in process inventory $330 Ending work in process inventory $600 Sales revenue $5,500 Manufacturing overhead $770 Beginning finished goods inventory $260 Ending finished goods inventory $350 What was operating income? O A $4,010 OB. $5.500 oc. $3.560 O D. $4.920