Olde Tyme Beverage Company's Operating Activities for the Year Are

Multiple Choice

Olde Tyme Beverage Company's operating activities for the year are listed below. $$\begin{array} { | l | r | } \hline \text { Purcheses } & \$ 126,000 \\\hline \text { Operating expenses } & 90,000 \\\hline \text { Bepinging inventory } & 14,000 \\\hline \text { Ending inventory } & 10,000 \\\hline \text { Sales revenue } & 250,000 \\\hline\end{array}$$
-What is the gross profit for the year?

A) $147,000
B) $143,000
C) $ 63,000
D) $275,000