Question 25 (1 point) Toby's Farm Store buys portable generators for $500 and sells them for $800. He pays a sales commission of 5% of sales revenue to his sales staff. Toby pays $2,000 a month rent for his store, and also pays $1,800 a month to his staff in addition to the commissions. Toby sold 200 generators in June. If Toby prepares a traditional income statement for the month of June, what would be his gross profit? $60,000 $100,000 $160,000 $260.000