Use the following information to calculate the sales price of a boat under both gaap and for internal decision purposes: number of boats to be sold 500 upstream costs $ 5,000,000 direct materials per boat $ 50,000 direct labor per boat $ 30,000 overhead per boat $ 20,000 downstream costs $ 2,000,000 (1). assume the company wants to sell each boat for 20% more than the cost to produce the boat. which of the following would be the sales price under gaap and for internal decision purposes? gaap internal decisiona) $ 120,000 $ 136,800 b) $ 136,800 $ 136,800 c) $ 120,000 $ 114,000 d) $ 136,800 $ 114,000 (2) use the above information to determine net income in the financial statements under gaap: assume the company wants to sell each boat for 20% more than the cost to produce the boat. multiple choicea. $10,000,000b. $3,000,000c. $7,000,000d. $5,000,000