For Crane Company, the following information is available: Cost of goods sold Dividend revenue Income tax expense Operating expenses Sales revenue $386750 17300 35800 133500 595000 In Crane's single-step income statement, gross profit O should not be reported. O should be reported at $208250. O should be reported at $225550. O should be reported at $53100.

For Crane Company, the following information is available: In Crane's single-step income statement, gross profit should not be reported. should be reported at $208250. should be reported at $225550. should be reported at $53100