1. The Income/ (Loss) from Operations is:

a. ($16500)

b. $18,500

c. $19,500

d. ($17,500)

2. The gross Profit is

a. $35,800

b. $32,500

c. $30,500

d. $29,800

QUESTION 1 Selected Financial Information from the Adjusted Trial! Balance of Seaview LLC for the Month Ended March 2020 Sales Returns & Allowances Cost of Goods Sold Other Expenses Sales Discount Gross Revenue Operating Expenses Other Revenue 15,000 400,000 5,000 2,500 450,000 50,000 25,000 The Income/(Loss) from Operations is: a. ($16,500) b. $18,500 c. $19,500 Selected Financial Information from the Adjusted Trial: Balance of Seaview LLC for the Month Ended March 2020 Sales Returns & Allowances Cost of Goods Sold Other Expenses Sales Discount Gross Revenue Operating Expenses Other Revenue 15,000 400,000 5,000 2.500 450,000 50,000 25,000 The Gross Profit is O a. $35,800 O b. $32,500 O c $30,500 d. $29,800 Selected Financial Information from the Adjusted Trial Balance of Seaview LLC for the Month Ended March 2020 15,000 400,000 5,000 Sales Returns & Allowances Cost of Goods Sold Other Expenses Sales Discount Gross Revenue Operating Expenses Other Revenue 450,000 50,000 25,000 The Income/(Loss) from Operations is: O a. ($16,500) b. $18,500 c. $19,500 d. ($17,500) Selected Financial Information from the Adjusted Trial: Balance of Seaview LLC for the Month Ended March 2020 Sales Returns & Allowances Cost of Goods Sold Other Expenses Sales Discount Gross Revenue Operating Expenses Other Revenue 15,000 400,000 5,000 2,500 450,000 50,000 25,000 The Gross Profit is O a. $35,800 b. $32,500 O c. $30,500 d. $29,800 Selected Financial Information from the Adjusted Trial Balance of Seaview LLC for the Month Ended March 2020 Sales Returns & Allowances Cost of Goods Sold Other Expenses Sales Discount Gross Revenue Operating Expenses Other Revenue 15,000 400,000 5,000 2,500 450,000 50,000 25,000 The Income/(Loss) from Operations is: a. ($16,500) b. $18,500 c. $19,500 d. ($17,500)