Sales discounts 2.400 27,700 Cost of goods sold Sales salaries expense Sales revenue Sales returns and allowances 3,600 Income taxes 10,000 Advertising expense 7,200 Administrative Salaries expense 8,300 9,600 88,000 If this information was used to prepare an income statement, Gross Profit should be: Select one: a. 60,300 b. 51,900 c. 54,300 d. 48,300 e. 82,000