Transcribed image text : TB MC Qu. 05-84 (Algo) Ace Company reported the following... Ace Company reported the following information for the current year: Sales $ 415,000 Cost of goods sold: Beginning inventory $ 139,500 Cost of goods purchased. 278,000 eBook Cost of goods available for sale 417,500 Ask Ending inventory 149,000 Cost of goods sold 268,500 Print Gross profit $ 146,500 References The beginning inventory balance is correct. However, the ending inventory figure was overstated by $25,000. Given this information, the correct gross profit would be: Multiple Choice 6 1 points