Question: Your answer is incorrect. During August, 2018, Shelby's Supply Store generated revenues of $65,000. The company's expenses were as follows: cost of goods sold of

Your answer is incorrect. During August, 2018, Shelby's Supply Store generated

Your answer is incorrect. During August, 2018, Shelby's Supply Store generated revenues of $65,000. The company's expenses were as follows: cost of goods sold of $33,000 and operating expenses of $7,000. The company also had rent revenue of $2,000 and a loss on the sale of a delivery truck of $3,000. Shelby's gross profit for August, 2018 is $25,000. O $27.000. O $24,000. O $32,000

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