Use the Adjusted Trial Balance Lion Consulting. (Note: I am including the Adjusted Trial Balance below in this question to use for questions 1823 and 4046, but it would be easier if you refer to the separate file I provided.) On the Income Statement, what would the Gross Profit be for Lion Consulting? "Note: The current portion of the note payable is $7,000. $14,525,000 $5,620,000 $8,925,000 $3,305,000 Use the Adjusted Trial Balance for Lion Consulting. On the Income Statement, what would the Total Selling Expenses be for Lion Consulting? $540,000 $1,321,000 $632,000 $1,352,000 Use the Adjusted Trial Balance for Lion Consulting. On the Income Statement, what would the Total Administrative Expenses be for Lion Consulting? $1,321,000 $540,000 $632,000 $6,000 Use the Adjusted Trial Balance for Lion Consulting. On the Income Statement, what would the Total Operating Expenses be for Lion Consulting? $5,620,000 $632,000 $1,321,000 $1,953,000 Use the Adjusted Trial Balance for Lion Consulting. On the Income Statement, what would the Income from Operations be for Lion Consulting? (Hint: NOT the Net Income.) $1,340,000 $1,352,000 $1,953,000 $8,925,000 Use the Adjusted Trial Balance for Lion Consulting. On the Income Statement, what would the Net Income (or Net Loss) be for Lion Consulting? $1,364,000 $8,925,000 $1,340,000 $1,352,000 Use the Adjusted Trial Balance Lion Consulting. (Note: I am including the Adjusted Trial Balance below in this question to use for questions 1823 and 4046, but it would be easier if you refer to the separate file I provided.) On the Income Statement, what would the Gross Profit be for Lion Consulting? "Note: The current portion of the note payable is $7,000. $14,525,000 $5,620,000 $8,925,000 $3,305,000 Use the Adjusted Trial Balance for Lion Consulting. On the Income Statement, what would the Total Selling Expenses be for Lion Consulting? $540,000 $1,321,000 $632,000 $1,352,000 Use the Adjusted Trial Balance for Lion Consulting. On the Income Statement, what would the Total Administrative Expenses be for Lion Consulting? $1,321,000 $540,000 $632,000 $6,000 Use the Adjusted Trial Balance for Lion Consulting. On the Income Statement, what would the Total Operating Expenses be for Lion Consulting? $5,620,000 $632,000 $1,321,000 $1,953,000 Use the Adjusted Trial Balance for Lion Consulting. On the Income Statement, what would the Income from Operations be for Lion Consulting? (Hint: NOT the Net Income.) $1,340,000 $1,352,000 $1,953,000 $8,925,000 Use the Adjusted Trial Balance for Lion Consulting. On the Income Statement, what would the Net Income (or Net Loss) be for Lion Consulting? $1,364,000 $8,925,000 $1,340,000 $1,352,000
