ity. Use the following information for questions 24 and 25. The following information is related to ABC Company for 2020 Sales revenue $3,000,000 Cost of goods sold 1,920,000 Operating expenses 564,000 Other revenues and gains 21,600 Other expenses and losses 294,480 Dividends declared 39,600 Questions 24 and 25 require you to compute items that will t Question 24 Gross profit will be O $1,040,400. $476,400. O $1,080,000. $516.000 D Gross profit will be O $1,040,400. O $476,400. $1,080,000. O $516,000. Question 25 Net income will be O $203,250. O $243,120. $516,000. $1,080,000