The accounting records of the Meadowbrook Company show the following: Cost of Goods Sold $ 140,000 Income Tax 10,000 Interest and Other Expenses 14,000 Sales Discounts 2,000 Sales Revenue 200,000 Selling and Administrative Expense 20,000 What is the gross profit? Multiple Choice $36,000. $38,000. $58,000. $60,000.

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