The Following Data Relate to Gorr Company for the Year

The following data relate to Gorr Company for the year ended December 31, 2012.Gorr Company uses the accrual basis. $$\begin{array} { l r } \text { Sales for cash } & \$ 200,000 \\\text { Sales for credit } & 220,000 \\\text { Cost of inventory sold } & 180,000 \\\text { Collections from customers } & 300,000 \\\text { Purchases of inventory on credit } & 190,000 \\\text { Payment for purchases } & 180,000 \\\text { Selling expenses (accrual basis) } & 50,000 \\\text { Payment for selling expenses } & 60,000\end{array}$$ Which of the following represents income for Gorr Company for the year ended December 31, 2010?

A) $180,000
B) $185,000
C) $190,000
D) $200,000
E) None of the answers are correct.