Q 5.3: For the year ended 2020, Degas Co. has the following amounts: Sales Revenue, $350,000; Gross Profit, $120,000; and Operating Expenses, $90,000. What are the amounts of Cost of Goods Sold and Net Income (Loss)? A $230,000 and $30,000. B $230,000 and $140,000. $130,000 and $90,000. $260,000 and $140,000