The Following Data Include All the Elements from Tuche Millinery's

Multiple Choice

The following data include all the elements from Tuche Millinery's income statement: $$\begin{array} { l r } \text { Administrative Expense } & \$ 220 \\\text { Cost of Goods Sold } & 261 \\\text { Gain on Sale of Securities } & 43 \\\text { Income Tax Expense } & 51 \\\text { Loss on Discontinued Operations } & 38 \\\text { Loss on Disposal of Equipment } & 86 \\\text { Revenue } & 878 \\\text { Selling Expense } & 124\end{array}$$ What is the amount of gross profit for Tuche Millinery?

A) $273
B) $493
C) $617
D) $397