Financial Information Is Presented Below Gross Profit Would Be
A)$49,000

question 56

Multiple Choice

Financial information is presented below: $$\begin{array} { l r } \text { Operating expenses } & \$ 28,000 \\\text { Sales returns and allowances } & 7,000 \\\text { Sales discounts } & 3,000 \\\text { Sales revenue } & 150,000 \\\text { Cost of goods sold } & 98,000\end{array}$$ Gross profit would be

• A)$49,000.
• B)$42,000.
• C)$45,000.
• D)$52,000.