QUESTION 28 Rebel Corporation has the following information. Revenue $1,500,000 Returns of goods sold $ 50,000 Cash collected $1,250,000 Cost of goods sold $ 950,000 Other operating expenses $ 200,000 Using the accrual system of accounting, what is Rebel Corporation's gross profit? a $100,000 b. $300,000 C. $350,000 d. $500,000 e. $550,000