The accounting records of the Meadowbrook Company show the following: $\begin{array}{lr}
\text { Cost of Goods Sold } & 140,000 \
\text { Income Tax } & 10,000 \
\text { Interest and Other Expenses } & 14,000 \
\text { Sales Discounts } & 2,000 \
\text { Sales Revenue } & 200,000 \
\text { Selling and Administrative Expense } & 20,000
\end{array}$ What is the gross profit?
A)$36,000.
B)$38,000.
C)$58,000.
D)$60,000.

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The Answer of The accounting records of the Meadowbrook Company show the following: $\begin{array}{lr}
\text { Cost of Goods Sold } & 140,000 \
\text { Income Tax } & 10,000 \
\text { Interest and Other Expenses } & 14,000 \
\text { Sales Discounts } & 2,000 \
\text { Sales Revenue } & 200,000 \
\text { Selling and Administrative Expense } & 20,000
\end{array}$ What is the gross profit?
A)$36,000.
B)$38,000.
C)$58,000.
D)$60,000.

The Accounting Records of the Meadowbrook Company Show the Following