URGENT!

SAM showed the following selected account balances at the end of its first year (assume all accounts have normal balances):

Cash $ 5,000

Cost of Goods Sold 95,000

Computer Equipment 2,000

Depreciation Expense 400

Sales Revenue 160,000

Prepaid Insurance 3,500

Accumulated Depreciation

--Equipment 400

Salaries and Wages Expense 30,000

Accounts Receivable 2,500

Accounts Payable 2,000

Rent Expense 12,000

Notes Payable 3,000

Inventory 5,000

Insurance Expense 3,000

Interest Expense 1,000

Gross profit for the year is:

a. $65,000

b. $18,200

c. $18,600

d. $113,600