What Are the Correct Amounts Missing from the Condensed Income

question 201

Multiple Choice

What are the correct amounts missing from the condensed income statement of Batavia, Inc. ? ?

• A) Net income: $545,000; Gross profit: $740,000
• B) Net income: $545,000; Gross profit: $545,000
• C) Net income: $420,000; Gross profit: $740,000
• D) Net income: $420,000; Gross profit: $545,000

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