what correct or incorrect for the work you have completed so far. It does n shows is completion. Retur Required information Problem 12-51 (LO 12-3) The following information applies to the questions displayed 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 bicycles a year at a discount. Bad Dog has an average gross profit percentage on bicycles of 25 percent. During the current year, Jarvie bought the following bikes: Descript lon Specialized road bike Rocky Mount ain mountaln bike Trek road bike Yet i mountain blke ice 3,200 2,000 $2,240 3,800 3,200 3,040 2,700 2,000 1,890 3,500 2.500 2,800 Problem 12-51 Part a a. What amount is Jarvie required to include in taxable income from these purchases? 3Answer is complete but not entirely correct. 270 Prey 34 35 of 50 Next > UNG what correct or incorrect for the work you have completed so far. It does n shows is completion. Retur Required information Problem 12-51 (LO 12-3) The following information applies to the questions displayed 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 bicycles a year at a discount. Bad Dog has an average gross profit percentage on bicycles of 25 percent. During the current year, Jarvie bought the following bikes: Descript lon Specialized road bike Rocky Mount ain mountaln bike Trek road bike Yet i mountain blke ice 3,200 2,000 $2,240 3,800 3,200 3,040 2,700 2,000 1,890 3,500 2.500 2,800 Problem 12-51 Part a a. What amount is Jarvie required to include in taxable income from these purchases? 3Answer is complete but not entirely correct. 270 Prey 34 35 of 50 Next > UNG