$2.$ 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 $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.$

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

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

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

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

$3.$ 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:

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

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

c$.$ $$25,377$ on Schedule SE$,$ Line $12.$

d$.$ $$20,567$ on Schedule SE$,$ Line $10.$