24 Required information [The following information applies to the questions displayed below.) Jarvie loves to bike. In fact, he has always turned down better-paying jobs to work in bicycle shops where he gets an employee discount. At Jarvie's current shop, Bad Dog Cycles, each employee is allowed to purchase four bicycles a year at a discount. Bad Dog has an average gross profit percentage on bicycles of 25 percent. During the current year, Jarvie bought the following bikes: points eBook Description Specialized road bike Rocky Mountain mountain bike Trek road bike Yeti mountain bike Retail Price $ 3,200 3,800 2,700 3,500 Cost $ 2,000 3,200 2,000 2,500 Employee Price $ 2,240 3,640 1,890 2,800 Print References a. What amount is Jarvie required to include in taxable income from these purchases? Amount to be included