son will help you refresh your knowledge on the basics of the income statement. Brushing up on these kle your finance coursework later. play to watch the first presentation below. Click on the numbers to navigate through the lesson, and then at the end to cement your skills and receive credit. Concept Check 1-2-3 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 Accounts receivable 8.100 TWIERTrulilo 10 ur youUS SUID Salaries expense $15,100 7,100 Rent expense 4,900 Supplies expense 1,300 Utilities expense 4,800 Depreciation expense Interest expense 2,500 2,100 Income tax expense 3,700 1. What is the amount of gross 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 5 6 7 8 9 son will help you refresh your knowledge on the basics of the income statement. Brushing up on these kle your finance coursework later. play to watch the first presentation below. Click on the numbers to navigate through the lesson, and then at the end to cement your skills and receive credit. Concept Check 1-2-3 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 Accounts receivable 8.100 TWIERTrulilo 10 ur youUS SUID Salaries expense $15,100 7,100 Rent expense 4,900 Supplies expense 1,300 Utilities expense 4,800 Depreciation expense Interest expense 2,500 2,100 Income tax expense 3,700 1. What is the amount of gross 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 5 6 7 8 9