Financial Information Is Presented Below Gross Profit Would Be
A) $€ 154,000$

Multiple Choice

Financial information is presented below.
$\begin{array} { l r } \text { Operating Expenses } & € 90,000 \\ \text { Sales Returns and Allowances } & 26,000 \\ \text { Sales Discounts } & 12,000 \\ \text { Sales } & 320,000 \\ \text { Cost of Goods Sold } & 154,000 \end{array}$
Gross profit would be

A) $€ 154,000$ .
B) $€ 140,000$ .
C) $€ 128,000$ .
D) $€ 166,000$