A company reported the following: 11 3 points Cost of Goods Sold General, Selling, and Administrative Expenses Income Tax Expense Inventory Net Income Sales Revenue Sales Discounts Sales Returns & Allowances $ 294,000 16,000 8,800 17,500 68,100 395,000 5, 200 2,900 eBook Print What is the amount of income before income taxes? Multiple Choice $76,900 $68,100 12 Neakanie Industries sels specialized mountain bikes. Each specialized bike purchased includes free maintenance service for 12 months. The price of the specialized bike is $900. When sold separately, a maintenance contract is $400 and a comparable but non specialized bike is $600 What amount of revenue will Neakanie recognize at the date of sale for each bike? 3 Multiple Choice $200 5600 O $540 $1.300 A company reported the following: 13 3 points Cost of Goods Sold General, selling, and Administrative Expenses Income Tax Expense Inventory Net Income Sales Revenue Sales Discounts Sales Returns . Allowances $210,000 5,000 7,200 17,000 36,200 265,000 3,700 2,900 Prin What is the amount of gross profit? Multiple Choice $43.400 $40.400 A company has gross profit of $60,400 and a gross profit percentage of 20%. What were the company's net sales? 14 Multiple Choice 3 points Bock $72.480 Print $302.000 $586,510 $12.080