Thom, a cash basis sole proprietor, provides the following information: Gross receipts Dividend income (on personal...

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Thom, a cash basis sole proprietor, provides the following information: Gross receipts Dividend income (on personal investments) Cost of sales Other operating expenses State business taxes paid $30,000 200 15,400 3,000 300 What amount should Thom report as net profits from his business? a. $11,300 Ob. $10,900 c. $14,400 Od $11,400 Thom, a cash basis sole proprietor, provides the following information: Gross receipts Dividend income (on personal investments) Cost of sales Other operating expenses State business taxes paid $30,000 200 15,400 3,000 300 What amount should Thom report as net profits from his business? a. $11,300 Ob. $10,900 c. $14,400 Od $11,400