3 pts Question 12 Based on the following information from the income statement for Trailers Ltd., what was Trailers Ltd's Gross Profit? Sales Revenue $490,000 Advertising Expense 30,000 Interest Expense 20,000 Salaries Expense 85,000 Income Tax Expense 45,000 Cost of Goods Sold 270,000 O $105,000 O $40.000 $85.000 $220.000