QUESTION 16 3.33333 $ Rebel Corporation has the following information. Revenue $1,500,000 Returns of goods sold 50,000 Cash collected $1,250,000 Cost of goods sold $ 950,000 Other operating expense $ 200,000 Using the accrual system of accounting, how much net revenue would Rebel Corporation report on its income statement? a $1,200,000 b. $1,250,000 OC $1,450,000 d. $1,500,000 QUESTION 17 3.3333 On January 1, 2016 Oxford Company had 3,500 units in inventory at a cost of $9 per unit. During 2016 Oxford company purchased 3.000 units (Lot #1 - the first units purchased during the vear) at a cost of $9.50 per unit. Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answ 000 F2 000 F4 F5 F6 F7 F8 F9 Flo $ 4. % 5 & Z 3 6. 8 9