point 22) The difference between a company's gross profit on sales and total operating expenses is * O Net sale O Income from operations O Income summary O Profit O Net loss 1 point 23) DVDs usually sell for $14 per unit, and have a profit margin of 25%. However, the expected selling price has fallen to $7 per unit. The Movie Company's current inventory includes 200 units purchased at $10 per unit. Calculate the value of the inventory at the lower of cost and net realizable value. O O $1,500 O $2,000 O $1,800 O $1,400 O O O $1,350 24) In reconciling the bank balance, an unrecorded debit memorandum for 1 point! printing checues should be