Which of the following would be deducted from the balance per bank on a bank reconciliation? Outstanding checks. Deposits in transit Notes collected by the bank. Service charges. Financial information is presented below: Operating expenses Sales retums and allowances Sales discounts Sales revenue Cost of goods sold $ 28,000 7,000 3,000 150,000 98,000 Gross profit would be $49,000. $42,000. $45,000. $52,000. Financial information is presented below: Operating expenses Sales retums and allowances Sales discounts Sales revenue Cost of goods sold $ 42,000 12,000 3,000 165,000 96,000 The amount of net sales on the income statement would be $153,000. $150,000. $165,000. $162,000