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What are the correct amounts missing from the condensed income statement of Batavia, Inc.? Batavia, Inc. Net income $? Sales 865,000 Gross profit ? Operating
What are the correct amounts missing from the condensed income statement of Batavia, Inc.? Batavia, Inc. Net income $? Sales 865,000 Gross profit ? Operating expenses 125,000 Cost of goods sold 320,000 Oa. Net income: $420,000; Gross profit: $740,000 Ob. Net income: $545,000; Gross profit: $545,000 Oc. Net income: $420,000; Gross profit: $545,000 d. Net income: $545,000; Gross profit: $740,000
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