QUESTION 15 Tide, Inc. sells items over the internet for individuals on a consignment basis. Tide, Inc. receives items from the owner, lists them for sale on the Internet and receives a commission for any items sold. Tide, Inc. collects the full amount from the buyer and pays the net amount after commission to the owner. Tide, Inc. returns any unsold items to the owner after 120 days. During 2019. Tide, Inc. sold items for 51,350,000 on consignment, retained fees of $405.000, and incurred direct selling costs of 35.000. How much gross profit should Tide, Inc. report on its income statement for 2017 a $1,350,000 Ob 51.315.000 De 5427,500 SAS.000 G5370,000