Backyards,Inc

Multiple Choice

Backyards,Inc.,sells lawn furniture.Selected financial information for the most recent year follows. Beginning merchandise inventory on January 1 was $32,000.
Ending merchandise inventory on December 31 was $37,000.
Purchases during the year were $101,000.
Selling and administrative expenses were $75,000.
Sales for year were $257,000.
-
What was gross profit?

A) $(171,000)
B) $156,000
C) $161,000
D) $182,000