question 5 and 6

QUESTIONS 3.33333 points Save Answer Landshark, Inc. purchased land in 2012 at a cost of $1,500,000. The company sold the land to Tiger Corporation in 2018 for $3,750,000 At the time of the sale, Tiger Corporation paid 750,000 and will pay the remaining amount over the next 10 years. How much profit would Landshark report at the time of sale if the company uses the cost recovery method? O a None O b. $450,000 OC$600,000 Od. $750,000 3.33333 points Save Answe QUESTION 6 On January 1, 2016 Oxford Company had 3,500 units in inventory at a cost of 39 per unit. During 2016 Oxford company purchased 3.000 units (Lot 81- the first units purchased during the year at a cost of $9.50 per unit 2,000 units (Lot 2) at a cost of $10.50 per unit and 2,500 units (Lot 83) at a cost of $10 per unit. The company sold 8,700 units during 2016 at a sales price of $12.25 per unit of Oxford Company uses a periodic inventory system and the last-in-first-out (LIFO) method, then what is the company's gross profit for 2016? O a. $19,775 b. $21,275 O c. $22164 Od. $23.575