CarMax Inc. reports sales of $10,962,818 thousand and cost of sales of $9,498,456 thousand for the year ended February 28, 2013. The gross profit for the year is:

a. $20,461,274 thousand

b. $1,464,362 thousand

c. 86.6%

d. 13.4%

e. There is not enough information to determine gross profit.