Financial Information Is Presented Below Gross Profit Would Be
A) $26,000

Multiple Choice

Financial information is presented below: $$\begin{array} { l r } \text { Operating Expenses } & \$ 90,000 \\\text { Sales Returns and Allowances } & 18,000 \\\text { Sales Discounts } & 12,000 \\\text { Sales Revenue } & 320,000 \\\text { Cost of Goods Sold } & 174,000\end{array}$$ Gross profit would be

A) $26,000.
B) $116,000.
C) $128,000.
D) $134,000.