42) Given the following information, determine the gross profit. Accounts Receivable $ 14,000 Administrative Expenses...
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Accounting
42) Given the following information, determine the gross profit.
Accounts Receivable $ 14,000
Administrative Expenses 31,000
Cost of Goods Sold 142,000
Depreciation Expense 8,000
Income Tax Expense 4,000
Inventory 26,000
Sales 312,000
Selling Expenses 36,000
Wage Expense 75,000
A) $20,000
B) $ 16,000
C) $ 184,000
D) $170,000
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