Jame loves to bike in fact, he has aways tumed down betier-payting jobs to work in bicycle shops where ne gets an employee discount. At Jarve's current chop, Bad Dog Cycles, each employee is allowed to purchase four bilycles a year at a discount Bad Dog has an average gross profit percentage on bicycles of 25 percent. Durng the current year, Jarve bought the following bikes: Pequired: a. What amourt is Jeme reculred to include in tacable income from these purchaces? b. What amourt of decuctions is Bad Dog atiowed to clatm from these transactions? Complete this question by entering vour answers in the tabs below. What amourt of deductions is fiad Dog alloved so dam from thase transactiond? Jarve loves to bike in fact, he has alwoys turned down better-paying jobs to work in bicydle chops where he gets an employee discourt. As Jame's curtert shop, Ead Dog Cyclech, each employoe is allowed to purchose four bicycles a year at a discount. Bad Dog hat an average gross profit percentage on bicycles of 25 percent. During the current yoar, Jarme bought the following bikes: Required a. What amount is Jarve required to include in taxable income from these purchaser? b. What amount of deductions is Bad Dog alowed to claim from these transactions? Complete this question by entering vour answers in the tabs below. What amourt is lame requind to indude in triable incime from these purchates