Question: The following data include all the elements from Tuche Millinery's income statement: Administrative Expense $226 Cost of Goods Sold 262 Gain on Sale of

The following data include all the elements from Tuche Millinery's income statement: Administrative Expense $226 Cost of Goods Sold 262 Gain on Sale of Securities 48 Income Tax Expense 55 Loss on Discontinued Operations 38 Loss on Disposal of Equipment Revenue 86 871 Selling Expense 124 What is the amount of gross profit for Tuche Millinery? A. $485 B. $259 C. $609 D. $383

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