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  3. a company has the following items on its year-end

A company has the following items on its year-end trial balance: Net sales $500,000 Common...

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Accounting

A company has the following items on its year-end trial balance:

Net sales $500,000

Common stock 100,000

Insurance expense 75,000

Wages 50,000

Cost of goods sold 100,000

Cash 40,000

Accounts payable 25,000

Interest payable 20,000

What is the company's gross profit?

A. $230,000

B. $275,000.

C. $400,000.

D. $500,000.

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