The following information relates to Suleiman & Sons LLC. Cash In 16,000 Carriage Inwards 35000 Hand 4,000 Return Outwards 15000 Sales Returns Sales 328,000 Office Expense 18,500 18,100 Rent Received Office 4000 Equipment Maintenance 14,600 Interest Revenue Marketing 3500 Expense Office Rent 14,000 Advertising 16000 Expense Salesman Salary 3,200 Office Insurance 4,500 Expense 600 Dividend Income 15200 Internet Charges 75000 Opening Stock Commission 18400 Income Purchases 210000 Closing Stock45,000 15000 Direct Wages Use the above information and answer 29, 30 and 31 MCQS What will be the Gross Profit at the end of the year a. 48000 O b. 31000 O c. 60700 O d. All the options wrong O e. 49000 What will be the cost of goods sold? a. 275000 b. 560000 C. All the options wrong d. 295000 e. 280000 Question 31 Not yet answered Marked out of 1.00 P Flag question What will be the Net purchases ? a. 220000 O b. 324000 O c. All the options are wrong O d. 205000 e. 195000