Sales revenue	160,000	Income taxes	30,000
Sales returns and allowances	6,000	Advertising expense	10,200
Sales salaries expense	15,600	Administrative Salaries expense	13,300
Depreciation of office equipment	14,100	Cost of goods sold	29,000

If this information was used to prepare an an income statement, Gross Profit should be:

Select one:

a. 154,000

b. 131,000

c. 270,000

d. 125,000

e. 130,000