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Answer the following 2 questions Question 1 For MASA Company, the following information is available for 2020 Sales revenue 100,000 Sales discounts 2,000 Cost of

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Answer the following 2 questions Question 1 For MASA Company, the following information is available for 2020 Sales revenue 100,000 Sales discounts 2,000 Cost of goods sold $60,000 Operating expenses 23,000 Income tax expense 6,000 In MASA's income statement for 2020, operating income a- should be reported at $31,000 b- should be reported at $15,000 C-should be reported at $9,000 d- should be reported at $10,000 Question 2 Net realizable value is V a fair value plus estimated costs to complete and make a sale. b. selling price C. selling price less estimated costs to complete and make a sale. d. selling price plus estimated costs to complete and make a sale

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