Question 10 Using the Boulder Company 2020 data set below, how much gross profit will the company report on its multistep income statement for 2020? Debit Credit 500,000 50,000 2,500,000 Partial trial balance and other data Boulder Company Year ended 12.31.2020 Retained earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold Administrative expenses Selling expenses Loss on sale of securities Tax rate Weighted common shares outstanding O A $850 000 O 8. $200,000 OC $600,000 OD. $700,000 100,000 50,000 1,650,000 200,000 300,000 100,000 21% 100,000