Karl corp.'s trial balance of income statement accounts for the year ended december 31, year 1, included the following: sales: cr $150,000cost of sales: dr $60,000administrative expenses: dr 15,000loss on sale of equipment: dr $9,000commissions to salespersons: dr $10,000interest revenue: cr $5,000freight-out: dr 3,000loss from the expropriation of assets by a foreign government: dr $10,000bad debt expense dr $3,000totals: dr $110,000 cr $155,000other information: finished goods inventory: january 1, year 1: dr $100,000december 31, year 1: dr $90,000karl's income tax rate is 30%on karl's multiple-step income statement for year 1, cost of goods manufactured isa) $50,000b) $53,000c) $73,000d) $70,000