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Wildwood,an Outdoors Clothing Store,reports the Following Information for June: What

Question 71

Multiple Choice

Wildwood,an outdoors clothing store,reports the following information for June: What is Wildwood's gross profit for June?
 Sales revenue $104,000 Income tax  expense $11,000 Operating  expenses 22,000 Cost of goods  sold 65,000 Deferred  revenues $15,000 Nonoperating  revenues 12,000\begin{array} { | l | r | l | r | } \hline \text { Sales revenue } & \$ 104,000 & \begin{array} { l } \text { Income tax } \\\text { expense }\end{array} & \$ 11,000 \\\hline \begin{array} { l } \text { Operating } \\\text { expenses }\end{array} & 22,000 & \begin{array} { l } \text { Cost of goods } \\\text { sold }\end{array} & 65,000 \\\hline \begin{array} { l } \text { Deferred } \\\text { revenues }\end{array} & \$ 15,000 & \begin{array} { l } \text { Nonoperating } \\\text { revenues }\end{array} & 12,000 \\\hline\end{array}


A) $18,000.
B) $39,000.
C) $104,000.

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