Hull Company Reported the Following Income Statement Information for the Current

Hull Company reported the following income statement information for the current year:
$$\begin{array} { | l | r | } \hline & \\\hline \text { Sales } & \$ 410,000 \\\hline \text { Cost of goods sold: } & \\\hline \text { Beginning inventory } & \$ 132,000 \\\hline \text { Cost of goods purchased } & \underline { 273,000 } \\\hline \text { Cost of goods available for sale } & 405,000 \\\hline \text { Ending inventory } & 144,000 \\\hline \text { Cost of goods sold } & \underline { 261,000 } \\\hline \text { Gross profit } & \$ 149,000 \\\hline\end{array}$$
The beginning inventory balance is correct.However,the ending inventory figure was overstated by $20,000.Given this information,the correct gross profit would be:

A) $149,000.
B) $169,000.
C) $129,000.
D) $142,000.
E) $112,000.