A company reported the following: $\begin{array}{lr}
\text { Cost of Goods Sold } & \$ 200,000 \
\text { General, Selling, and Administrative Expenses } & 52,800 \
\text { Income Tax Expense } & 3,600 \
\text { Inventory } & 12,000 \
\text { Net Income } & 22,560 \
\text { Sales Revenue } & 284,000 \
\text { Sales Discounts } & 2,720\
\text { Sales Returns \& Allowances }&2,320
\end{array}$ What is the amount of gross profit?
A)$75,360
B)$78,960
C)$84,000
D)$26,160

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The Answer of A company reported the following: $\begin{array}{lr}
\text { Cost of Goods Sold } & \$ 200,000 \
\text { General, Selling, and Administrative Expenses } & 52,800 \
\text { Income Tax Expense } & 3,600 \
\text { Inventory } & 12,000 \
\text { Net Income } & 22,560 \
\text { Sales Revenue } & 284,000 \
\text { Sales Discounts } & 2,720\
\text { Sales Returns \& Allowances }&2,320
\end{array}$ What is the amount of gross profit?
A)$75,360
B)$78,960
C)$84,000
D)$26,160

A Company Reported the Following What Is the Amount of Gross Profit? A)$75,360 B)$78,960 C)$84,000

A Company Reported the Following What Is the Amount of Gross Profit?
A)$75,360
B)$78,960
C)$84,000