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The following information relate to ABC company: Purchases Selling and Administrative Expenses Shs. 130,000 30,000 Merchandise inventory, 1/1/2020 20,000 Merchandise inventory, 12/31/2020 25,000 Sales

The following information relate to ABC company: Purchases Selling and Administrative Expenses Shs. 130,000 30,000 Merchandise inventory, 1/1/2020 20,000 Merchandise inventory, 12/31/2020 25,000 Sales Revenue 200,000 What is the gross profit for 2020? Select one: A. Shs. 125,000 B. Shs.50,000 C. Shs.70,000 O D. Shs.75,000

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