Cushman Company, Inc. had $800,000 in sales, sales discounts of $12,000, sales returns and allowances of $18,000, cost of goods sold of $380,000, and $275,000 in operating expenses. Gross profit equals:
A)$770,000.
B)$115,000.
C)$390,000.
D)$402,000.
E)$408,000.

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The Answer of Cushman Company, Inc. had $800,000 in sales, sales discounts of $12,000, sales returns and allowances of $18,000, cost of goods sold of $380,000, and $275,000 in operating expenses. Gross profit equals:
A)$770,000.
B)$115,000.
C)$390,000.
D)$402,000.
E)$408,000.