Financial Information Is Presented Below Gross Profit Would Be
A) $40,000

Multiple Choice

Financial information is presented below: $$\begin{array} { l r } \text { Operating expenses } & \$ 35,000 \\\text { Sales returns and allowances } & 12,000 \\\text { Sales discounts } & 3,000 \\\text { Sales revenue } & 140,000 \\\text { Cost of goods sold } & 85,000\end{array}$$ Gross profit would be

A) $40,000.
B) $43,000.
C) $55,000.
D) $52,000.