$1.$ The TP$$s sole proprietorship had the following revenues and expenses during $2023$:

Sales Revenue $$510,000$

Sales Returns $$15,000$

Cost of Goods Sold $$161,000$

Interest Expense on business loan $$4,000$

Car$/$Truck Expense $($repairs$,$ gas, oil, etc.$)$ $$8,300$

Taxes and licenses $$17,600$

Depreciation $$9,500$

Utilities $$3,500$

Wages to sales staff $$110,000$

Fee paid to CPA for Schedule C $$1,500$

The net profit for the sole proprietorship would be $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_,$ and it would be reported on $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.$

Group of answer choices

$$179,600,$ Schedule C$,$ Line $31.$

$$174,600,$ Schedule C$,$ Line $7.$

$$172,400,$ Schedule C$,$ Line $31.$

$$171,900,$ Schedule C$,$ Line $31.$

$2.$ Based on the information contained in Question $2$ above, the only correct entry for the TP to report based on the following choices would be:

Group of answer choices

$$12,337$ on Schedule $1,$ Line $15.$

$$27,478$ on Schedule $1,$ Line $12.$

$$25,337$ on Schedule SE$,$ Line $12.$

$$20,576$ on Schedule SE$,$ Line $10.$