using the following info to answer question:

operating expenses- 45,000

sales returns and allowances- 13,000

sales discount- 6,000

cost of goods sold- 77,000

sales- 150,000

gross profit would be:

a. 61,000

b. 54,000

c. 76,000

d. 73,000

the sales returns and allowances account is classified as a

a. asset account

b. contra asset account

c. expense account

d. contra revenue account