Consider the following information pertaining to Company C:
Sales: $48,000
Sales returns and allowances: $6,000
Operating expenses: $6,200
Beginning inventory: $900
Net purchases: $9,100
Ending inventory: $2,300
The company's gross profit is
A. $34,003.
B. $43,000.
C. $34,300.
D. $34,000.
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