Given the Following Information,determine the Gross Profit A)$20,000
B)$ 16,000
C)$ 184,000
D)$156,000
E)$170,000

Given the following information,determine the gross profit. $$\begin{array} { l l } \text { Accounts Receivable } & \$ 14,000 \\\text { Administrative Expenses } & 31,000 \\\text { Cost of Goods Sold } & 142,000 \\\text { Depreciation Expense } & 8,000 \\\text { Income Tax Expense } & 4,000 \\\text { Inventory } & 26,000 \\\text { Sales } & 312,000 \\\text { Selling Expenses } & 36,000 \\\text { Wage Expense } & 75,000\end{array}$$

A) $20,000
B) $ 16,000
C) $ 184,000
D) $156,000
E) $170,000