Multiple Choice Question 167 Financial information is presented below: Operating expenses Sales returns and allowances Sales discounts Sales revenue Cost of goods sold $ 49000 5000 6000 206000 108000 Gross Profit would be $103000. $93000 $98000 $87000. Multiple Choice Question 131 During 2022 Blossom Company had sales on account of $796000, cash sales of $324000, and collections on account of $523000. In addition, they collected $8700 which had been written off as uncollectible in 2021. As a result of these transactions the change in the accounts receivable indicates a $273000 increase $597000 increase $264300 increase $588000 Increase