For Garret Wolfe Company, the Following Information Is Available In Garret Wolfe's Single-Step Income Statement, Gross Profit
A)should Not

For Garret Wolfe Company, the following information is available: $\begin{array}{lr}\text { Cost of goods sold } & \$ 60,000 \\\text { Dividend revenue } & 2,500 \\\text { Income tax expense } & 6,000 \\\text { Operating expenses } & 23,000 \\\text { Sales } & 100,000\end{array}$

In Garret Wolfe's single-step income statement, gross profit

A) should not be reported.
B) should be reported at $13,500.
C) should be reported at $40,000.
D) should be reported at $42,500.