023 Fall - Full Term me crosoft Teams ses ouncements les ules nments O IS dia Media tiv Question 32 ABC Corp (a C Corporation) reports the following items from its books for the current year: Sales 1,000,000 COGS -300,000 Gross Profit 700,000 Expenses: Repairs Bad Debt Net Income O $679,000 During the year, ABC Corp received word that a customer went bankrupt. That customer owed $6,000 in accounts receivable to ABC Corp. What is ABC's taxable income? O $680,000 $681,000 O $686,000 -15,000 -5,000 680,000 h 2.5 pts