Based on the following information from the income statement for Trailers Ltd., what was Trailers Ltd.'s Gross Profit? Sales Revenue $490,000 Advertising Expense 30,000 Interest Expense 20,000 Salaries Expense 85,000 Income Tax Expense 45,000 Cost of Goods Sold 270,000 O $85.000 O $220,000 O $40,000 O $105,000 Based on the following information from the income statement for Jackson Industrial Corp., what was Jackson Industrial's Net Sales (or Net Revenue) for the year ended 12/31/19? Sales Revenue $940,000 Sales Discounts 10,000 Bad Debt Expense 4,000 Advertising Expense 60,000 Salaries Expense 85,000 Cost of Goods Sold 680,000 O $940,000 O $930,000 O $250,000 O $926,000 Davey Corp. provided services for $68,000 to Lincoln Corp. on May 4, 2019 with terms 3/10, n/30. On May 9, Davey received payment from Lincoln Corp. for this invoice. Davey's sale on account to Lincoln Corp. included terms of 3/10,n/30. This is an example of a: Sales Expense O Sales Discount O Sales Allowance Trade Discount