[The following information applies to the questions displayed below] Jarvie loves to bike, In fact, he has always tutned down better-paying jobs to work in blcycle shops where he gets an employee discount. At Jarvie's current shop, Bad Dog Cycles, each employee is allowod to purchase four bicycles a year at a discount. And Dog has an average gross profit petcentage on bicycles of 25 percent. During the current yeac Jarvie bought the followind bikes: What amount is Jarvie roquired to include in taxablefincome from these purchases? Pequired information [The following information applies to the questions displayod below.) Jarvie loves to bike. In fact, he has always turned down better.paying jobs to work in bicycle shops where he gets an employee discount. At Jarvie's current shop, Bad Dog Cycles, each employee is allowed to purchase four bicycies a yeor at a discount. Bad Dog has an average gross profit percentage on bicycies of 25 percent. During the current year, Jarvie bought the following bikes: b. What amount of deductions is Bod Dog allowed to chaim from these transoctions