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For Mendez Company, the following information is available: Cost of goods sold $390,000 Dividend revenue 15,000 Income tax expense 36,000 Operating expenses 138,000 Sales revenue

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For Mendez Company, the following information is available: Cost of goods sold $390,000 Dividend revenue 15,000 Income tax expense 36,000 Operating expenses 138,000 Sales revenue 600,000 In Mendez's single-step income statement, gross profit should not be reported. should be reported at $51,000. should be reported at $210,000. O should be reported at $225,000

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