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what is the answer for 1 and 2 please In Year 2, Micro Services Company records the payment of $325 cash for an expense accruec

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In Year 2, Micro Services Company records the payment of $325 cash for an expense accruec liabilities and net income, respectively, is: Select one: O a. Increase by $175, decrease by $500 O b. No effect, decrease by $825 O c. Increase by $175, decrease by $325 O d. Decrease by $325, decrease by $825 O e. No effect, decrease by $500 Given the following data, what is Gross Profit? Sales revenue Beginning inventory Ending inventory $850,000 100,000 220,000 700,000 20,000 Purchases Freight-in Select one: O a. $150,000 O b. $70,000 O c. $270,000 O d. $250,000 O e. $230,000 In Year 2, Micro Services Company records the payment of $325 cash for an expense accruec liabilities and net income, respectively, is: Select one: O a. Increase by $175, decrease by $500 O b. No effect, decrease by $825 O c. Increase by $175, decrease by $325 O d. Decrease by $325, decrease by $825 O e. No effect, decrease by $500 Given the following data, what is Gross Profit? Sales revenue Beginning inventory Ending inventory $850,000 100,000 220,000 700,000 20,000 Purchases Freight-in Select one: O a. $150,000 O b. $70,000 O c. $270,000 O d. $250,000 O e. $230,000

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