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Financial Information Is Presented Below Gross Profit Would Be
A)$54,000

question 173

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Financial information is presented below:  Operating expenses $42,000 Sales returns and allowances 12,000 Sales discounts 3,000 Sales revenue 165,000 Cost of goods sold 96,000\begin{array} { l r } \text { Operating expenses } & \$ 42,000 \\\text { Sales returns and allowances } & 12,000 \\\text { Sales discounts } & 3,000 \\\text { Sales revenue } & 165,000 \\\text { Cost of goods sold } & 96,000\end{array} Gross profit would be


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