The following information has been provided by the Evans Retail Stores, Inc., for the first quarter of the year:

Sales	$350,000
Variable Selling Expenses	$35,000
Fixed Selling Expenses	$25,000
Cost of Goods Sold	$160,000
Fixed Administrative Expenses	$55,000
Variable Administrative Expenses	$15,000

What is the gross margin (Gross Profit) of Evans Retail Stores, Inc., for the first quarter?

Question 2 options:

	$220,000.
	$140,000.
	$190,000.
	$210,000.