Watson, Inc. reported the following: Cost of Goods Sold General, Selling, and Administrative Expenses Income Tax Expense Inventory Net Income Sales Revenue (excluding discounts, returns, and allowances) Sales Discounts Sales Returns & Allowances $ 250,000 5,000 12,200 19,000 30, 650 305,000 4,100 3,050 What is the amount of income before income taxes? Multiple Choice $30,650 O $55.000 $18,450 $42,850 Morris' beginning Inventory is $43,000, goods purchased during the period cost $128,000, and the cost goods sold for the period is $148,000. What is the amount of its ending inventory? Multiple Choice O O $53,000 O O $23,000 $33,000 $20.000 ScottCo sells mountain bike packages. Each bike package purchased includes free maintenance service for 12 months. The price of the bike package is $1,500. When sold separately, a maintenance contract is $600 and a comparable but non-packaged bike is $1,200. What amount of revenue will ScottCo recognize at the date of sale for each bike? Multiple Choice O $2,400 $600. O $1,000 O O O $1,200