Question 4 Cabe Company has the following information for the period: Not yet answered Points out of 1.00 P Flag question Other revenues and gains $20,000 Sales revenue $600,000 Other expenses and losses $30,000 Operating expenses $250,000 Cost of goods sold $200,000 Sales returns and allowances $50,000 Income tax expense $35,000 How much is gross profit? Select one: $ 300,000 o $ 250,000 $ 350,000 $ 270,000 o $ 400,000