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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

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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 14,100 Cost of goods sold 29,000 equipment If this information was used to prepare an an income statement, Gross Profit should be: Select one: a. 130,000 b. 131,000 c. 125,000 O d. 270,000 e. 154,000

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