QUESTION 13 On December 12. Cheung Company purchased 200 televisions for $250 each. By the end of the month, Cheung had sold 15 of these for S365 each What amount of gross profit should Cheung report on its income statement? a $5,475 b, $3,750 c$73,000 d. $1,725 $46.250 QUESTION 14 During the year Hansoku Company reported the following information: Administrative Expenses Cost of Goods Sold Other Income Rental Revenue Sales Selling Expenses $21,600 $130,000 52,5301 $179,970 $32, 100 What amount of net income or loss Will Hansoku Company show on its multiple-step income statement? a Net Loss $1,500 b. Net Income $1,500 c. Net Income $4,030 d. Net Loss $4,030