Oueston 31 Not yet wered Marked out of TOO la question In June, Kipper Ltd received a $5,000 cash payment for work Lated the previous month. The company ceplanted a dear cut area of northern Alberta for which it sent out an invoice for $25,000. At the beginning of the month the company had $2,000 of trees for planting. During the month the company purchased $4.000 more, and at the end of the month it was left with trees that had cost $1,000. The company's expenses were $1.000 in rent for its office and $3,000 in other expenses Amortization on the truck and office equipment was calculated to be $500. The income tax ratek 10%. The gross profit as a % of sales for the month of June was taccurate to one decimal place) Select one a 80.0% b.25.0% O C 10:19 d. 27. % Certon 32 Note answed Marked out of 1.00 In June, Kipper Ltd, received a $6,000 cash payment for work Billed the previous month. The company replanted a dear cut area of northern Alberta for Willich it sent out an invoice for $25.000. At the beginning of the month the company lud $2000 of trees for planting. During the month the company purchased $4,000 more and at the end of the month it was left with trees that had cost $1.000. The companysexsenses wete $1.000 rent for its office and $3,000 in other expenses Amortization on the track and office equipment was calculated to be $500. The income tax rate is 10% Operating profit for June was e question Select one: O 315,500 $21.500 c510,000 Od $11,000 110