Can I get help with these question? Ill thumbs up if correct :). Thanks so much beforehand.

Mary founded i-Car (an electronic car maker) and started her operations at 1/1/2020 and sold $1,000,000 of trucks and $1,000,000 of SUVs during its first-year of operation. All sales are made on credit. Cost of trucks and SUVs sold is 50% of sales revenues, respectively. Although Mary was very pleased with first-year sales, Mary estimates that 20% of SUV sales will be returned. Also, Mary provided a two-year warranty against manufacturer's defects for trucks and warranty costs are expected to approximate 10% of sales. Assume no returns for trucks and no warranty for SUVs. Additional information is as follows: Actual sales returns for SUVs sold on credit during 2020 were $100,000 Actual warranty expenditures for trucks were $100,000. Determine i-Car's gross profit for 2020. o $1.000.000 $800.000 None of other answer choices is correct $700,000 On June 30, 2018, Mortensen Company borrows $30,000,000 at 12%. The note is payable on June 30, 2019 with semi-annual interest payments. Suppose that you prepare adjusting journal entries related to (if any) accrued interest expense on December 31, 2018 (Mortensen's year-end). Which of the following is true? Debit interest expense $1.8 million Credit interest payble 51.8 million None of other answer choices is correct No adjusting journal entries are necessary