Financial Information Is Presented Below Gross Profit Would Be
A) $90,000

Multiple Choice

Financial information is presented below: $$\begin{array} { l r } \text { Operating expenses } & \$ 45,000 \\\text { Sales returns and allowances } & 14,000 \\\text { Sales discounts } & 6,000 \\\text { Sales revenue } & 160,000 \\\text { Cost of goods sold } & 90,000\end{array}$$ Gross profit would be

A) $90,000.
B) $70,000.
C) $60,000.
D) $66,000.