After reviewing Maggie's Mud Pies' comparative Income Statements for the years ended December 31, 2020 and 2019 only, which of the following is true? Maggie's Mud Pies Company Income Statement For the Years Ended December 31, 2020 and 2019 2020 2019 Sales 535,000 1,060,000 Cost of Goods Sold 353,000 870,000 Gross Profit 182,000 190,000 Operating Expenses: Wage Expense 14,000 13,000 Rent Expense 52,000 55,000 Total Operating Expenses 66,000 68,000 Income Before Income Taxes 116,000 122,000 Income Tax Expense 34,000 34,000 Net Income 82,000 88,000 i. Maggie's Mud Pies' gross profit margin decreased from 2019 to 2020. ii. Maggie's Mud Pies' net profit margin decreased from 2019 to 2020. iii. If a customer spends $100 on a case of Maggie's Mud Pies in 2020, approximately $9.72 would cover Maggie's rent. Only i is true. They are all true. Only i and ii are true. Below is an amortization schedule for a bond issued by the Beaumont Company. Which statement is approximately) true with regards to the bond when it was issued on January 1, 2016? Choose the best answer. Interest Paid Interest Expense Amortization Date 1/1/2016 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 80,000 80,000 80,000 80,000 80,000 72,870 72,371 71,837 71,266 70,654 7,130 7,629 8,163 8,734 9,346 Carrying Book Value 1,041,001.97 1,033,872.11 1,026,243.16 1,018,080.18 1,009,345.79 1,000,000.00 The stated rate of interest on this bond is 8% and the market rate is 7%. The stated rate of interest on this bond is 7% and the market rate is 8%. The stated rate of interest on this bond is 8% but there is not enough information provided to determine the approximate market rate of interest. The stated rate of interest on this bond is 8% and the market rate is greater than 8%