| The Willie Company has provided the following information: |
| Af?cAc‚¬A??c Operating expenses were $365,000; |
| Af?cAc‚¬A??c Income from operations was $250,000; |
| Af?cAc‚¬A??c Net sales were $1,500,000; |
| Af?cAc‚¬A??c Interest expense was $77,000; |
| Af?cAc‚¬A??c Discontinued operations loss net of tax was $85,000; |
| Af?cAc‚¬A??c Income tax expense was $51,900. |
| What was Willie’s gross profit? |
| $885,000 | |
| $785,800 | |
| $666,900 | |
| $615,000 |