Question: Kory operates a sporting goods store. His records indicate that he had sales of $ 7 8 , 0 0 0 . Customers returned $

Kory operates a sporting goods store. His records indicate that he had sales of $78,000. Customers returned $1,500 worth of sporting goods because of various defects. His cost of goods sold was $19,000. What is Kory's Schedule C (Form 1040) gross income?
$57,500
$59,000
$76,500
$78,000

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