III. Using the following information to answer items $11$ thru

$15.$

Sales $500,000,$ Sales Returns $10,000,$

Sales Discounts $10,000,$ Purchases $130,000$

Purchase returns $10,000,$ Purchase discounts $20,000$

Freight In $20,000,$ Selling expenses $50,{000}_{?}$

General expenses $170,000,$ inventory$-$beg $27,{000}_{?}$

Inventory$-$end $20,000$

$14.$ Gross Margin for the period is

a$.$ $$353,000$

b$.$ $$333,000$

c$.$ $$303,000$

d$.$ none of the above

$15.$ Net income for the period is

a$.$ $$113,000$

b$.$ $$133,000$

c$.$ $$126,000$

d$.$ none of the above