Reference no: EM132534373

The following financial information was summarized from the accounting records of Bosco Corporation for the year ended Dec. 31:

                                   Chip Division

Cost of Goods Sold $ 90,000

Total Operating Expenses 27,400

Net Sales Revenue 170,000

Question 1: The gross profit and income from operations for the Division are:

a) $80,000 gross profit and $32,600 operating income

b) $170,000 gross profit and $52,600 operating income

c) $52,600 gross profit and $80,000 operating income

d) $80,000 gross profit and $52,600 operating income