X) 5.3-34a Up-to-date Merchandisers has the following account balances for the month of July. Sales Revenue Cost of Goods Sold Operating Expenses Sales Discounts Sales Returns and Allowances Interest Revenue $400,000 320,000 90,000 20,000 17,000 7,000 Calculate Gross Profit. OA. $60,000 O B. $80,000 OC. $6,000 O D. $43,000