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Kelso runs a bath bomb business as a franchisee of a company called The Bomb Bath Bombs (TBBB). Franchisees must pay a royalty to TBBB

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Kelso runs a bath bomb business as a franchisee of a company called The Bomb Bath Bombs ("TBBB"). Franchisees must pay a royalty to TBBB based on sales. The franchisee has a choice of ing a fixed royalty of $250 per month (Plan A), or a variable royalty of $5 per bath bomb (Plan B). Currently, Kelso sells 50 bath bombs per month. The bath bombs are sold for $12 each, with the cost of each bath bomb being $3. Complete the following income statement for Kelso's current situation, assuming she uses Plan A. Do not use decimals, commas, or dollar signs. Expenses should be shown as a negative number by using a dash ("-"). Kelso's Bombs - currently (plan A) Sales Cost of sales Gross profit ### (no need to complete) Royalties Net income ### (no need to complete)

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