The owner of a business does not maintain a complete set of accounting records for the business. Information about assets and liabilities is given below. All purchases and sales are made on credit. In the current year: 1. Customers paid $168\,000$ to the business after a discount of $3400$ had been allowed. 2. The business paid $74\,000$ to suppliers for inventory. No discounts were received. 3. The owner withdrew inventory worth $3200$ for personal use. What was the gross profit for the current year?
- A$110\,000$
- B$110\,200$
- C$111\,700$
- D$113\,400$