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Your firm has the following income statement items: sales of $50,250,000; income tax of $1,744,000;...

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Accounting

Your firm has the following income statement items: sales of $50,250,000; income tax of $1,744,000; operating expenses of $10,115,000; cost of goods sold of $35,025,000; and interest expense of $750,000. What is the amount of the firms gross profit?

A. $18,000,000
B. $15,225,000
C. $5,000,110
D. $6,632,000

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