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For Blossom Company, the following information is available: Cost of goods sold $380000 Dividend revenue 14000 Income tax expense 35000 Operating expenses 136000 Sales revenue

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For Blossom Company, the following information is available: Cost of goods sold $380000 Dividend revenue 14000 Income tax expense 35000 Operating expenses 136000 Sales revenue 580000 In Blossom's multiple-step income statement, gross profit should be reported at $214000 should be reported at $214000. should be reported at $43000. should be reported at $200000. should not be reported

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