Paramount Co. had the following account balances:

Sales revenue 180,000

Cost of goods sold 90,000

Salaries and wages expense 15,000

Depreciation expense 30,000

Dividend revenue 6,000

Utilities expense 12,000

Rent revenue 30,000

Interest expense 18,000

Sales returns 16,500

Advertising expense 19,500

Income tax rate 5%

Which of the following statements are false? You may choose more than one alternative

Group of answer choices

The net profit is 45,000 euro

The net loss is 40,500 euro

The company will pay tax 4,500 euro

The company must debit iincome summary in closing entry

The net loss is 45,000 euro