play to watch the first presentation below. Click on the numbers to navigate through the lesson, and then complet Check at the end to cement your skills and receive credit. Concept Check 2-3 Concept Check General Ledger for ABC Company The following is the general ledger for ABC Company as of December 31, 20X1. Use this information to answer questions (1) through (4). ABC Company General Ledger As of December 31, 20x1 Amount Assets Cash $29,400 Prey 3 of 5 Next W tv Interest expense 2,100 Income tax expense 3,700 1. What is the amount of cross profit to be reported on ABC Company's 12/31/X1 income statement? $40,500 $14,100 $39,100 $17,800 2. What is the amount of operating income (EBIT) to be reported on ABC Company's 12/31/X1 income statement? $36,100 $18,500 $14,800 W play to watch the first presentation below. Click on the numbers to navigate through the lesson, and then complet Check at the end to cement your skills and receive credit. Concept Check 2-3 Concept Check General Ledger for ABC Company The following is the general ledger for ABC Company as of December 31, 20X1. Use this information to answer questions (1) through (4). ABC Company General Ledger As of December 31, 20x1 Amount Assets Cash $29,400 Prey 3 of 5 Next W tv Interest expense 2,100 Income tax expense 3,700 1. What is the amount of cross profit to be reported on ABC Company's 12/31/X1 income statement? $40,500 $14,100 $39,100 $17,800 2. What is the amount of operating income (EBIT) to be reported on ABC Company's 12/31/X1 income statement? $36,100 $18,500 $14,800 W