zylk3_RiKoH6EWW2W6kjdbahjxKQ8uhrako/formResponse The following accounts are extracted from the worksheet of X Company on December 31, 2020 sales retums and allowances Utilities expense - office sales discount sales salaries expenses - sales Purchases discount Salaries expense - office rent revenue purchases returns and allowances purchases Interest expense Inventory, January 1, 2020 gain from sale of building freight out freight in depreciation expense - sales Depreciation expense - office cost of goods sold $30.000 47,000 60,000 1.260,000 180,000 20.000 24,000 59.000 90,000 600,000 10.000 300.000 39.000 90.000 40,000 30,000 7,000 630,000 Based on the data above, the inventory account showed a balance of $- December 31, 2020: on $120,000 $200,000 $1460,000 None of the above + One E BACC410 Assessment 1 DVENCzylk3_RihbujhbEWW2W6kjdibahjxKQBuhrako/formResponse Based on the data above, net sales were: O $960,000 $1,170,000 $1,110,000 None of the above Based on the data above, gross profit was: $540,000 $330,000 $480,000 O None of the above Based on the data above, selling expenses were: $100,000 $300,000 S210,000 None of the above x + ne E BACC410 Assessment 1 leczylk3_Rihbujh6wWzW6kjdiblaOhjxKQ8uhraKo/formResponse Based on the data above, selling expenses were: * O $100,000 0 $300,000 $210,000 None of the above Based on the data above, and assuming that total operating expenses were $378,000, the income from Operations was: $(48,000) $102,000 $162,000 None of the above Back Next by Never und passwords through Google Page 5 of 6 Clear form