A Company Had Expenses Other Than Cost of Goods Sold

Multiple Choice

A company had expenses other than cost of goods sold of $51,000.Determine sales and gross profit given cost of goods sold was $25,000 and net income was $60,000.

A) Sales: $136,000; gross profit: $111,000
B) Sales: $136,000; gross profit: $85,000
C) Sales: $85,000; gross profit: $136,000
D) Sales: $111,000; gross profit: $136,000
E) Sales: $60,000; gross profit: $25,000