Question: Question 32 (2 points) The following information are extracted from the income statement of ABC Company at the end of 2016: Contribution margin 20,000 Fixed

Question 32 (2 points) The following information are extracted from the income statement of ABC Company at the end of 2016: Contribution margin 20,000 Fixed Costs 15,000 If ABC's expects that sales revenues to increase 20% in 2017 over their sales revenues in 2016, what will be the expected reported net income for 2017? $9.000 $4,000 $7.000 Cannot be determined from the given information

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