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Wildwood is a clothing store, and the following information is taken from its accounts: Net Sales $104,000 Income tax expense $11,000 Operating expenses 22,000 Cost

Wildwood is a clothing store, and the following information is taken from its accounts:

Net Sales $104,000 Income tax expense $11,000

Operating expenses 22,000 Cost of goods sold 65,000

Unearned revenues $15,000 Nonoperating revenues 12,000

What is gross profit for Wildwood?

A. $18,000

B. $39,000

C. $104,000

D. $17,000

E. $29,000

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