QUESTION 4 Jackson Corp. is a merchandising company that uses the periodic inventory system. Selected account balances are listed below: Sales Revenue $160,000 Purchases 75,000 Inventory (beginning) 25,000 Inventory (ending) 15,000 Purchase Returns & Allowances 7,000 Purchase Discounts 5,000 Freight-In 6,000 Sales Discounts 9.000 Sales Returns & Allowances 5.000 Freight-Out 4,000 What is the amount of Jackson's gross profit? A $67,000 B. 576,000 C. 572,000 D. 561,000 E 566,000